Pull Back

l’altro ieri

After the golden cross there is usually tendency to price to retest the long term moving average. Price *may* further retreat to the golden zone of the Fibonacci Level or to a Demand level. There are quite a few FVGs around the golden zone. The Moving Averages used are 50(blue) and 200(red)EMAs. Also, notice the Head and Shoulders that was formed.
Have a safe day