Gold hit 1.38 Fib time extension
Gold is hitting an important Fib time level - 1.38 extension on weekly and it already hit 2.618 daily fib time extension. Both coincide as you see. Usually, there is a change of trend when price hits 38 Fibonacci time extension. On monthly price hit the support, the cloud bottom (Senkou span B). It hit lower Bollinger band (100) and 38 retracement, Gann angles on weekly and formed a sort of a morning star on daily (price might retrace into the body of morning star ). Ehler´s center of gravity oscillator points to a trend change as well and to the start of new cycle and big move (its getting squeezed) what agrees with Fib time extensions. I expect price to reach 23 Fibonacci retracement (BB band´s middle band, 200 EMA are there too), around which it gravitated as you see. Monthly Ichimoku (doubled settings) has very thick bullish future cloud.
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