Fairly simple analysis, gold has landed on a weekly demand level (Rally Base Rally) with an awesome fakeout that most likely suckered in bears. I am entering at the .50% fib as I always do.
Confluence:
- Daily Support
-BreakOut Trap
-Weekly Demand Level
-Under the market mean (20 and 10 MA)
It's all about probability! Enjoy!
Confluence:
- Daily Support
-BreakOut Trap
-Weekly Demand Level
-Under the market mean (20 and 10 MA)
It's all about probability! Enjoy!