Hi all,
Here we have GOLD/GBP, I believe we my have a start of a new trend with a bullish run, we seem to have caught the pullback ( came to the 0.618 on the FIB) which is a good confirmation and the previous support on the 4HR time frame.
Both the DAILY and 4HR time frames have a bias of long which leads me to believe that we could could catch a good few pips on the upside, Here I have my TP at the previous high on the 4HR time frame, then reassess the situation and hopefully retest the next level and continue to push up.
Good luck and trade safe.
** This is not financial advice and this is my opinion and for educational purposes only - All feedback is welcomed **
Here we have GOLD/GBP, I believe we my have a start of a new trend with a bullish run, we seem to have caught the pullback ( came to the 0.618 on the FIB) which is a good confirmation and the previous support on the 4HR time frame.
Both the DAILY and 4HR time frames have a bias of long which leads me to believe that we could could catch a good few pips on the upside, Here I have my TP at the previous high on the 4HR time frame, then reassess the situation and hopefully retest the next level and continue to push up.
Good luck and trade safe.
** This is not financial advice and this is my opinion and for educational purposes only - All feedback is welcomed **