By analyzing the 2H chart of #Gold we can see that after yesterday's surge in price and reaching the $5250 level, hitting the 2h FVG Low and then a correction all the way to $5093 happened, and now after hitting the 0.75 SD of Fibo $5210 level, is being traded at $5186 level.
As long as Gold holds itself above the $5100 level, the bullish scenario stays intact. Currently, Gold could drop to the 0.5 of Fib at $5171 and then go back up to retest the 0.75 Fib level as well as the 2H FVG that is above between the $5241 to $5290, to go through it and reach 5300.
Considering the Geopolitical events, Gold could reach $5300 relatively soon.
As long as Gold holds itself above the $5100 level, the bullish scenario stays intact. Currently, Gold could drop to the 0.5 of Fib at $5171 and then go back up to retest the 0.75 Fib level as well as the 2H FVG that is above between the $5241 to $5290, to go through it and reach 5300.
Considering the Geopolitical events, Gold could reach $5300 relatively soon.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.