Hi everyone ,, this is how i see GOLD this week ...
Last week we had 2 positive signs ...
1-- we had a break of structure with a higher high ...
2-- we had a broken corrective channel ...
Right now the price is around a strong support level along with 0,61 fib ...
The price reacted very well with this area and formed a reversel candle on the 4h time frame...
So most likely we are going up again to the next sell area around 1900...
Everything explained on the chart along with a simple forecast to possible scenarios ...
If you like the idea give it a thumbes up , and follow for more ...
Trade safely 🤍🤍
Last week we had 2 positive signs ...
1-- we had a break of structure with a higher high ...
2-- we had a broken corrective channel ...
Right now the price is around a strong support level along with 0,61 fib ...
The price reacted very well with this area and formed a reversel candle on the 4h time frame...
So most likely we are going up again to the next sell area around 1900...
Everything explained on the chart along with a simple forecast to possible scenarios ...
If you like the idea give it a thumbes up , and follow for more ...
Trade safely 🤍🤍