we broke out of the neckline from the inverted head & shoulders formation if we are able to keep above $1375 - $1400 then i expect 1st target to be $1566 by the 0.618 golden fib ratio level. now if we are able to break this with colume and momentum then next target will be $1700 (0.786) fib. $1900 is a possibility but we need to see how things develope after we reach our 1st target. im bullish on gold
Bullish scenario
targets if remains strong:
1/ $1566
2/ $1700
3/ $1900
if we get rejected
Bearish scenario
targets of support:
1/ $1244
2/ $1182
3/ $1044
***this is not financial advice just a madmans imagination.***
Bullish scenario
targets if remains strong:
1/ $1566
2/ $1700
3/ $1900
if we get rejected
Bearish scenario
targets of support:
1/ $1244
2/ $1182
3/ $1044
***this is not financial advice just a madmans imagination.***