GOLD LONG

As you can see from the chart, ive broken down the daily chart. Keeping it simple and pointing out what price is doing. Am hoping to see the market push furthe up. Initially the market looked like it would retrace to the 38.2 fib level which was a resistance zone but got broken making it support. However, we have seen the market make a deeper retracement all the way down to the 61.8 fib level. this should be a good place to see the market turn around to make new highs.