stephane
Private, 1st Class
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GU monthly is following a Fibonaccci retracement. The last candle rose from the 50 retracement level around 1,53 then rejected two SMAs around 1,594, to close at the 38,2 support around 1,57.

From here it may rise to test the 23,6 level around 1,62, or to go back to retest the 50 support level. The last monthly candle is bullish and made a higher high therefore I prefer to see it as a long, but the market is quite weird those last days...
On H4, GU is in a range between 1,566 and 1,579. Please note the H4 100 SMA reaching the range support at 1,566. A perfect spot for a long signal.


From here it may rise to test the 23,6 level around 1,62, or to go back to retest the 50 support level. The last monthly candle is bullish and made a higher high therefore I prefer to see it as a long, but the market is quite weird those last days...
On H4, GU is in a range between 1,566 and 1,579. Please note the H4 100 SMA reaching the range support at 1,566. A perfect spot for a long signal.
