Good morning! โ๏ธ๐บ๐ธ Sending good vibes from the USA to Canada ๐จ๐ฆ, Mexico ๐ฒ๐ฝ, and across the globe to Ukraine ๐บ๐ฆ, Russia ๐ท๐บ, Korea ๐ฐ๐ท, Japan ๐ฏ๐ต, China ๐จ๐ณ, Argentina ๐ฆ๐ท, Israel ๐ฎ๐ฑ, Iran ๐ฎ๐ท, Scotland ๐ด, France ๐ซ๐ท, Australia ๐ฆ๐บ, the UK ๐ฌ๐ง, Egypt ๐ช๐ฌ, and everywhere in between!
Now, letโs check in on $GC (gold futures). Weโre seeing an inverse mallet formation above the past high pivot Fibonacci 0% retracement at $3500.70, with a higher low established over $3468.60.
Current price is $3482, with a target ๐ฏ of $3652.90 for upper resistance. The base support jump-off point is at $3427.30, while the bottom of the up channel is at $3333.80.
Looking at deviations, the upper deviation sits at $3578. The 21-period upper value is $3534, and the 21-period lower value is $3336.80, with the 9 SMA at $3414.50.
Letโs see how gold performs as we navigate these key levels! ๐โจ #GoldFutures #MarketAnalysis #TradingInsights