leonnjoroge

leonnjoroge

Gold has broken the previous level of structure and is now heading for the 1830 Key Level, I expect a possible retracement from that point back to the 1790 Level before it ultimately breaks that zone to form a higher high

leonnjoroge

FOREXCOM:XAUUSD Gold has broken above the 1800 monthly key level so I am waiting for a retest of that level which also coincides with the 61 fib level in order to determine whether to enter a long position for a move to the upper 4 hour level and even possibly the next daily level

14:11

leonnjoroge

Gold fib analysis

leonnjoroge

FOREXCOM:XAUUSD Gold already broke the Hour level and retested it, it has moved back to the previous level of structure and is at the 38 fib level signifying another possible move to the downside

leonnjoroge

FOREXCOM:XAUUSD If the market falls to break the one hour level, I am anticipating a retracement to the hour level and then a bounce to the 4 Hour and weekly level as it has already heavily rejected the monthly level

leonnjoroge

FOREXCOM:XAUUSD The market retraced to the 38 fib retracement level and formed a strong bullish candle signifying a long opportunity