Hi guys, an awesome week behind us and we hit our first 1785 bullish target with almost bulls-eye precision! This tastes like there is more juice after a great & convincing bullish close for gold on the weekly above the 23.6 fibo retracement (1771), and this should attract more bulls to the party. The H4 candles look strongly bullish since a long time and the daily closed outside the BB for the first time since 1960, creating a momentum candle.
A clumsy Monday ahead (as always) with some follow-through buying from 1770 to 1790 (daily 200 EMA), followed by a bearish start of the week to test the bullish breakout of the 1755-1760 level. This is an obvious buy zone for me and below it 1740-1745, the zone that harassed gold bulls for such a long time and now turned support.
I expect the bull to return from a small break on Wednesday NY opening or on Thursday (ECB day), with bulls targeting 1805 (orange trendline & weekly mid BB) and the next 38.2 fibo resistance level & weekly 50 SMA (1830) with a possible extension to 1850 (blue trendline).
I remain on the bull side by buying dips and will avoid selling before 1830, unless proven otherwise by strong bearish H4 reversal candles.
Enjoy the rest of your weekend 😎,
Cesaro
A clumsy Monday ahead (as always) with some follow-through buying from 1770 to 1790 (daily 200 EMA), followed by a bearish start of the week to test the bullish breakout of the 1755-1760 level. This is an obvious buy zone for me and below it 1740-1745, the zone that harassed gold bulls for such a long time and now turned support.
I expect the bull to return from a small break on Wednesday NY opening or on Thursday (ECB day), with bulls targeting 1805 (orange trendline & weekly mid BB) and the next 38.2 fibo resistance level & weekly 50 SMA (1830) with a possible extension to 1850 (blue trendline).
I remain on the bull side by buying dips and will avoid selling before 1830, unless proven otherwise by strong bearish H4 reversal candles.
Enjoy the rest of your weekend 😎,
Cesaro
İşlem aktif
1790 hit, now I am expecting a retrace to 1760İşlem aktif
1760 nearly hit, bought for 1808
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.