Gold has been printing a bullish trend since October, showing an increase in momentum since November.
Currently, price action appears to be conditioning itself for a pullback by showing resistance at this level.
This level contains the . 886 retracement from this bearish bat pattern and a major . 618 retracement aligning with previous structure.
With this current bullish momentum, a pullback to the . 382 retracement and trendline is expected for further bullish trend continuation.
Currently, price action appears to be conditioning itself for a pullback by showing resistance at this level.
This level contains the . 886 retracement from this bearish bat pattern and a major . 618 retracement aligning with previous structure.
With this current bullish momentum, a pullback to the . 382 retracement and trendline is expected for further bullish trend continuation.