Gold's push up, breaking through the POC of the volume profile, then coming down to retest it, which is also a pullback to the 61.8% fib makes me suspect that targeting the 161.8% fib extension (which is also the next major volume node) is a logical idea. This makes my first target for gold to be 1807-1809. My second target being 1840.
The volume profile used is dated back to 01/01/2020 to 04/16/2021.
The POC for this date range is in the 1730-1735 range. 2 false breakouts and now a bounce back up, breaking the previous highs in the 1755-1760 range. This makes me bullish on Gold
The volume profile used is dated back to 01/01/2020 to 04/16/2021.
The POC for this date range is in the 1730-1735 range. 2 false breakouts and now a bounce back up, breaking the previous highs in the 1755-1760 range. This makes me bullish on Gold