Gold closed right above the 0.618% Fibonacci Retracement. As we expected that the 0.618% might be hold the pressure. This can be a good sign for Bulls, the price is showing us that it could be the bottom of the retracement.
From $1.204 to $1.356, this area might be the new low for the higher low higher high sequence.
I'll update the EW, our last setup is no longer valid.
I think now is the time for Gold to make a new run, which is If we use the EW theory. This run might become the 3rd length of EW.
Right now, we just have to wait for a good confirmation.
After that we can entry from the Long side and expect higher high from the last high at $1.356.
Good luck and have a nice weekend!!
Please help me with the " Like " button for more share and more update.
Thanks!!
From $1.204 to $1.356, this area might be the new low for the higher low higher high sequence.
I'll update the EW, our last setup is no longer valid.
I think now is the time for Gold to make a new run, which is If we use the EW theory. This run might become the 3rd length of EW.
Right now, we just have to wait for a good confirmation.
After that we can entry from the Long side and expect higher high from the last high at $1.356.
Good luck and have a nice weekend!!
Please help me with the " Like " button for more share and more update.
Thanks!!
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