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.
Not
consolidation over the 0.618 Fibonacci
Not
very close once again to the 2k
Not
perfect test of the 50% and price still looks bullish
Not
the market bounce over the 50% and is now testing the 0.382 Fibonacci
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