This is arguably my favourite gold interpretation. Albeit, I consider Fibonacci to be pseudoscientific, so I don't weight the internal lines highly, except for the fact that they do appear to represent support and resistance to some extent.
In any case, I think there's a reasonable case for gold to resume it's trend lower.
In any case, I think there's a reasonable case for gold to resume it's trend lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.