Gold after our previous analysis tested as expected the 2000 level (link below).
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the Planctonìs strategy rules.
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the Planctonìs strategy rules.
Comment:
consolidation over the 0.618 Fibonacci
Comment:
very close once again to the 2k
Comment:
perfect test of the 50% and price still looks bullish
Comment:
the market bounce over the 50% and is now testing the 0.382 Fibonacci
Comment:
rising lows indicates a bullish price action
Comment:
possible 2k breakout soon
Comment:
still testing the resistance area
Comment:
breaking now
Comment:
new recent high
Comment:
retest of the support
Comment:
2041 is a new recent high
