Starting off with the trend for XAUUSD 0.46% . We can see it has respected twice.
So for the fib expansion we are looking for a third push to the upside.
The respect of 1204.49 and the break off push will most likely guarantee another push to the upside.
Along the way trying to break 1214.04 and potentially pushing all the way up to 1223.36.
That would be our exit point.
***charts only project the possibility of the future not the actual future, so trade at your own risk***
So for the fib expansion we are looking for a third push to the upside.
The respect of 1204.49 and the break off push will most likely guarantee another push to the upside.
Along the way trying to break 1214.04 and potentially pushing all the way up to 1223.36.
That would be our exit point.
***charts only project the possibility of the future not the actual future, so trade at your own risk***