Gold is expected to be trading in re-accumulation instead of distribution in view of a "Spring" event.
Spring is a exhaustion of supply, indicating demand is expected to be back in control.
A breakout from the creek (resistance), we will expect Gold to trade further.
1st TP: 1,550 level (Previous high +2.618% Fibo)
2nd TP: 1,600 (Whole Number Effect + 4.236$ Fibo Level
Stop: 1,460 (Spring Low)
Spring is a exhaustion of supply, indicating demand is expected to be back in control.
A breakout from the creek (resistance), we will expect Gold to trade further.
1st TP: 1,550 level (Previous high +2.618% Fibo)
2nd TP: 1,600 (Whole Number Effect + 4.236$ Fibo Level
Stop: 1,460 (Spring Low)