After a nice bullish rally to the upside gold has now decided to retrace...
Price is currently stuck at support at 1290 but I expect price to come ever so slightly lower towards my supply zone which is situated be between the 61.8% and 78.6% fib @1279.. I will wait for some bullish price action and a break of the counter trend line before placing any longs, MA's are still crossed to the upside for added confluence...
TP at the highs of the swing around 1350
thanks
Price is currently stuck at support at 1290 but I expect price to come ever so slightly lower towards my supply zone which is situated be between the 61.8% and 78.6% fib @1279.. I will wait for some bullish price action and a break of the counter trend line before placing any longs, MA's are still crossed to the upside for added confluence...
TP at the highs of the swing around 1350
thanks