Gold after our previous analysis tested as expected the 2000 level (link below).
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the Planctonìs strategy rules.
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the Planctonìs strategy rules.
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consolidation over the 0.618 Fibonacci
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very close once again to the 2k
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perfect test of the 50% and price still looks bullish
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the market bounce over the 50% and is now testing the 0.382 Fibonacci
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rising lows indicates a bullish price action
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possible 2k breakout soon
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still testing the resistance area
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breaking now
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new recent high
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retest of the support
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2041 is a new recent high
