Gold(MINI) Futures (GO!), H4 Potential for Bullish Momentum
Type : Bullish Rise
Resistance : 1809.50
Pivot: 1784.50
Support : 1764.75
Preferred Case: On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 1764.75 where the 38.2% fibonacci retracement and swing low are.
Fundamentals: no key news.
Resistance : 1809.50
Pivot: 1784.50
Support : 1764.75
Preferred Case: On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 1764.75 where the 38.2% fibonacci retracement and swing low are.
Fundamentals: no key news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results