dear fellow traders,
Gold trying to recover today, see H4 candle, there is a perfect bullish engulfing candle near Fibonacci lines on 1686.72
while the area of strong resistance is 1689, breaks this line could be an uptrend confirmation (reversal)
wait until the next candle after this engulfing candle also turns blue for confirmation (on H4)
Gold DR area 1689 - 1678.50, again... be ready when breaks out this strong support & resistance
for swing trading should be on LONG positions since Gold already touch its bottom yesterday (and today)
happy trading
Gold trying to recover today, see H4 candle, there is a perfect bullish engulfing candle near Fibonacci lines on 1686.72
while the area of strong resistance is 1689, breaks this line could be an uptrend confirmation (reversal)
wait until the next candle after this engulfing candle also turns blue for confirmation (on H4)
Gold DR area 1689 - 1678.50, again... be ready when breaks out this strong support & resistance
for swing trading should be on LONG positions since Gold already touch its bottom yesterday (and today)
happy trading
its clearly perfect engulfing bullish candle