Here are my projected paths of gold with the ideal buy zone in the rectangle. Was having too much fun and got carried away with the arrows lol
Long term candle bounce off of support rectangle. Positive daily momentum. Good risk reward ratio.
Looks like a nice long set up as there is major weekly candle support as well as a previous weekly bullish engulfing candle. If it closes below the previous weekly candle wicks on a day candle then will go down to the trend line and decide if it wants to resume the trend or break downwards.
If BTC closed above 7700$ on the day candle today 4/12. I think it will go up to 9800$ before resuming bearish trend.