Buy once price goes above 1237 as it confirm retrenchment of long term gold bullish trend of 1121 to 1263 which retrace from 0.5 fibo level i.e. 1192 level and currently in a position to move above 0.236 level i.e. 1230.
Howver confirmation can be only obtained once price croses 1237 level which is 0.61 fibo retracement level for recent breash market when xauusd declined from 1263 to 1291. the current level of around 1230 is very crucial as its a 0.5 fibo level of bearish market and also 0.236 fibo level of bullish market.
Howver confirmation can be only obtained once price croses 1237 level which is 0.61 fibo retracement level for recent breash market when xauusd declined from 1263 to 1291. the current level of around 1230 is very crucial as its a 0.5 fibo level of bearish market and also 0.236 fibo level of bullish market.