Gold approaching 45 degrees Gann ray and outer Gann band

Watch very closely what happens in this area. We can short gold to about 1235 from where I expect a bounce. There might be a pullback or some reaction at 0.75 fibonacci level (right now price is very close to reach that line). Once we are inside the outer Gann band watch the moment when Chikou span of Ichimoku hits the price. Then we will have some consolidation followed by a bounce up. Ichimoku is a good filter.

تم فتح الصفقة:

Guys, I have analysed 4 hours chart. This is update, zone of 1257-1260 (that inner Gann band on daily analysis) would be the very bottom now. We go short to there. From there, once bootom cup formation is formed, we can go long