Potential Gold Buys

Theo YerwantKansabedian
-Weekly and Daily Timeframes are still bearish
-4H timeframe recently flipped bullish
-Price came down and retested the previous resistance area creating a new higher low
-Retest at confluence zone at Fib 50-61.80%
-Potential buys on gold after we break the previous high (Above 1816.500)
-Best entry would be after breakout and retest at 1814-1816 area
-Possible TP would be 1840 (green line) which is also a monthly trend line
breakandretestbuyFibonacciGoldLONGsimpleanalysisstructureSupport and ResistancetechincalanalysisTrend AnalysisXAUUSD
YerwantKansabedian

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