2021-03-27 Gold 1M - long developing
Trendline on monthly chart is being respected
Current monthly candle is closing near its open
38% Fib retraced since first leg up on monthly chart
61% Fib retraced since most recent leg up on weekly chart
Looking for breakout above $1,750 USD / $1,775 USD on daily chart / 4hr
Good opportunity to take a stab with size and a tight stop. Level is still developing but might react quickly
Current monthly candle is closing near its open
38% Fib retraced since first leg up on monthly chart
61% Fib retraced since most recent leg up on weekly chart
Looking for breakout above $1,750 USD / $1,775 USD on daily chart / 4hr
Good opportunity to take a stab with size and a tight stop. Level is still developing but might react quickly
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