GOLD - LONG
1M
Price broke monthly support which has now turned resistance, fell and tested weekly level. Price is trading above upwards facing EMA.
1W
Last week closed back above EMA support with a bullish engulfing.
1D
Price tried to break below EMA, but has rejected with a large wick. Closed back above EMA with a bullish engulfing.
4H
Fib retracement at preferred FIB level, wick entry within the overall swing. Price target next key daily zone.
Price broke monthly support which has now turned resistance, fell and tested weekly level. Price is trading above upwards facing EMA.
1W
Last week closed back above EMA support with a bullish engulfing.
1D
Price tried to break below EMA, but has rejected with a large wick. Closed back above EMA with a bullish engulfing.
4H
Fib retracement at preferred FIB level, wick entry within the overall swing. Price target next key daily zone.
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