GOLD Upwards movement possible 60min Time Frame

22 Feb 2022

Possible movement towards the upside. Should price break at 1914.50, it could possibly reverse back to 1908.16 and move up again to retest the previous levels of 1914.52 - It the impulse move continues, a Fibbonaci Retracement can be drawn on top of the 1914.50 level. I would consider a BUY position with TP1 at the 0.786 level and Possibly the 0.618 level as well.