GOLD UPDATE AFTER UNEXPECTED DROP LEVELS

((GOLD UPDATE ))

MONTHLY TIME FRAME: pullback TO 50 % fibo level and formation of bullish engulfing candle .

WEEKLY TIME FRAME : formation of higher low above strong support level (1845) after pullback.

DAILY TIME FRAME : reaching the 0.61 fibo level ( MA 200) as a pullback after breaking daily down trend with good rejection above the strong support level (1845) .

H4 TIME FRAME : good rejection of bearish candle with formation of good hanging man bullish candle at level 1845.

i think next weeks will see more bullish movement with expectation of 3 targets:

TP1 AT 1960 LEVEL
TP2 AT 2000 LEVEL
TP3 AT 2075 LEVEL

GOODLUCK
TRADE SAFE