Buy once price goes above 1237 as it confirm retrenchment of long term xauusd bullish trend from 1121 to 1263 which retrace till 0.5 fibo level i.e. 1192 level and currently in a position to move above 0.236 level i.e. 1230.
However, confirmation can be only obtained once price cross 1237 level which is 0.61 fibo retrenchment level for recent bearish 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.
However, confirmation can be only obtained once price cross 1237 level which is 0.61 fibo retrenchment level for recent bearish 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.