#Gold: What’s Next After the Upward Retracement..

#Gold Update as of 02/09

#Gold after its upward surge is now above a significant resistance zone between 4360 and 4351. The low of 4330 and the stop placed below it have turned into buying support. Confirmation will come with a daily close above these levels and a retest. Buying is available from 365 to 360, and a pullback to 351 and 340 is normal, God willing. You may split each zone into separate trades with individual stops, which is the better solution because the stop is far away. However, if you take a smaller stop, you could go from 365 to 360 with a tight stop and from 352 to 344 with a stop, which would be preferable.

Targets after breaking 4385 will be 4407 and 4430 up to 450. After the break, because it is important, we continue to 4460, and a possible start of a retracement to 4525 and 4540 may occur.

We have two conditions: 4326 must not be broken and there must be no close below it, and 4386 must be broken, close above it, and stay above 360. This is the chart outlook, and we will update it, God willing…

We were misled in identifying the breakout point and the break from 4360 to 351, which we were waiting for to trigger the rise. In the last update and video before market open, we said that if it passes, it will move to 310 and 270, then drop and rise from 285. No one wants to ride from the bottom, and I think it succeeded. So, will it continue??