From the H4 Chart, we can see a potential for Gold to pullback to 1258 area or small area around 1265.
Key Levels:
- Support Area 1258
- Small Support 1265
- Resistance Area 1275 ( Fibonacci Retracement 0.236 from 1204 - 1296 )
Pay attention to this key level, if Gold can breach 1275 it will soon move to higher ground to test 1296.
Long opportunity at 1258 area. Don't forget to see the Golden Cross between SMA 50 & SMA 200 which is could give us a clue for long term uptrend for this Gold.
Leave your comment below for this analysis, I would like to know how your opinion about Gold market.
Good luck and happy trading.
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Key Levels:
- Support Area 1258
- Small Support 1265
- Resistance Area 1275 ( Fibonacci Retracement 0.236 from 1204 - 1296 )
Pay attention to this key level, if Gold can breach 1275 it will soon move to higher ground to test 1296.
Long opportunity at 1258 area. Don't forget to see the Golden Cross between SMA 50 & SMA 200 which is could give us a clue for long term uptrend for this Gold.
Leave your comment below for this analysis, I would like to know how your opinion about Gold market.
Good luck and happy trading.
Click " Like " if you see this analysis helpful!
Thanks