Gold is on a bullish direction which has currently break the recent high at 2195.01 and form a higher high at 2222.41, and it has retraced back to a Fibonacci level of 0.786 demand zone which will trigger a huge long.
why trying to retrace back to the Fibonacci level of 0.786 it created a form of inducement which is also known as liquidity which is indicated with a ($) symbol in the chart, in order to trap retail traders stop loss
why trying to retrace back to the Fibonacci level of 0.786 it created a form of inducement which is also known as liquidity which is indicated with a ($) symbol in the chart, in order to trap retail traders stop loss