| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| Gold | 1790.1 (Buy) | 1793.9, 1794.9, 1797.6 | 1812.1 | 1785.6 |
Commentary
Hi!, Using Fibonacci Analysis on 5min Gold Chart. Gives us an entry point at 1790.1, I will buy at this point if the market test this confluence zone. I will be placing my stops beyond 1785.6 and adjust accordingly. Lets see how the market reacts to our key levels. Thanks!
Gold Chart (5min) - Result time: 22:50 pm
Commentary
Hi!, Our Fibonacci Levels worked quite level. Market tested our main zone at 1790.1 twice followed by an upward trend. The second bounce ended right at the projected level of 1812.1. I have cicled it on the graph for you to see. Keep looking for upcoming trades. Thanks!
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