HEllo, This week GOLD is in very critical point because its test area was resistant hampered its rising last 5 months ago and it's broke it up last month, so is it will stop its fall down or not no one can answer till waiting break confirmation.
Also what makes this zone hard is 0.382 Fibonacci, Now we have another tool may confirm bearish view which is the downside channel, the price couldn't reach upperside, finally MACD seems to tends to down
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Old Traders have 100% rights to comment ,give technical advises and say whatever they want
New traders and investors have to be careful of using my chart for make position , their comments are welcomed of course
Also what makes this zone hard is 0.382 Fibonacci, Now we have another tool may confirm bearish view which is the downside channel, the price couldn't reach upperside, finally MACD seems to tends to down
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Old Traders have 100% rights to comment ,give technical advises and say whatever they want
New traders and investors have to be careful of using my chart for make position , their comments are welcomed of course
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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.