Right now we are holding out Gold trade runners on Long until we start to get bearish confirmation that it may be reversing. It is at a 4hr down trend line as well as our gray zone is up above it that is based off of a 4hr swing high. Enjoy!
Here's a short-term perspective. I believe we will get a bounce in the $22,000+ area.
Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our buy entry at 30.45 in line with 61.8% Fibonacci retracement towards our Take Profit at 34.04 in line which is an area of Fibonacci confluences. Technical indicators are supporting our bullish bias. Any opinions, news, research, analyses,...
In bounce mode - came into res. 1-1 pattern. Now support is .382 www.facebook.com