Gold need a retracement of 1D or 1week for higher target.
Gold broke through 1885 last Friday, showing a signal to target higher.
Since 4H has finished 5 upward moves but 1D only takes the 2nd, a retracement of 1D or even 1week is needed for higher moves.
* 1st support: 1960-1962. 2nd support: 1940-1945.
* 1st resistance: 2000. 2nd resistance: 2015.
* bull & bear boundary: 1910-1915.
Since 4H has finished 5 upward moves but 1D only takes the 2nd, a retracement of 1D or even 1week is needed for higher moves.
* 1st support: 1960-1962. 2nd support: 1940-1945.
* 1st resistance: 2000. 2nd resistance: 2015.
* bull & bear boundary: 1910-1915.
Feragatname
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