XAUUSD (Gold) beutifuly broke trendline, retested and is on the way up again.
We can see leg up (A), then retest trendline and coming back to 0.618 Fib Price reversal zone
confluencing with previous structure and bounce back.
Now we are on minor support, where we need to hold for continuation for next leg upside.
Target is between -0.27 and -0.61.
Target is around 1300-1304 area as the next leg finish.
Don't forget to trade carefuly. I'll be off for the weekend and then come back stronger for next analysis and ideas.
Good luck guys. Enjoy Weekend
We can see leg up (A), then retest trendline and coming back to 0.618 Fib Price reversal zone
confluencing with previous structure and bounce back.
Now we are on minor support, where we need to hold for continuation for next leg upside.
Target is between -0.27 and -0.61.
Target is around 1300-1304 area as the next leg finish.
Don't forget to trade carefuly. I'll be off for the weekend and then come back stronger for next analysis and ideas.
Good luck guys. Enjoy Weekend
Note
Gold is still in range area. Awaiting move 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.