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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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.