On Friday Gold price test its 11th sep high 1930 and drop to 1923.
Current setup:
Price drop to fvg fair value gap 1922 and also 50% fib level close bullish in 15 min chart which shows that this short retracement from 1930 to 1922 and now price goes to new high for the coming week.
BUY SETUP:
On the monday open go for long after breakout of gray zone which i mentioned in the charts/ stop loss below 61 level of fib level.
On Wednesday important news event fed speech and fed rates.
Current setup:
Price drop to fvg fair value gap 1922 and also 50% fib level close bullish in 15 min chart which shows that this short retracement from 1930 to 1922 and now price goes to new high for the coming week.
BUY SETUP:
On the monday open go for long after breakout of gray zone which i mentioned in the charts/ stop loss below 61 level of fib level.
On Wednesday important news event fed speech and fed rates.