Hi Traders!
Gold placed last week $1930 High and also created perfect Marubozu in Daily time frame.
But respected Trendline which intersect Important fibo level at $1935,
which i consider a Turning point for Gold.
Two Scenarios:
For Bullish!
if it breaks conflict area of Trendline and Fibo at $1935 and placed 4H.
Goals: $1949 and $1968 and $1980. or
For Bearish!
If it breaks Weekly PP Area at $1910 and Placed atleast 4H or more confirmation D1.
Goals: $1891 and $1858.
Note: This a Structure of next trend in Daily time frame and important key levels with targets,
not a recommendation will be modify according to circumstances!
Gold placed last week $1930 High and also created perfect Marubozu in Daily time frame.
But respected Trendline which intersect Important fibo level at $1935,
which i consider a Turning point for Gold.
Two Scenarios:
For Bullish!
if it breaks conflict area of Trendline and Fibo at $1935 and placed 4H.
Goals: $1949 and $1968 and $1980. or
For Bearish!
If it breaks Weekly PP Area at $1910 and Placed atleast 4H or more confirmation D1.
Goals: $1891 and $1858.
Note: This a Structure of next trend in Daily time frame and important key levels with targets,
not a recommendation will be modify according to circumstances!
