Will it go down? Thoughts on it? (Newbie here)
Hi guys, I was trying to make an analysis on Gold on a weekle timeframe, I think it might go up since the trend is not going up anymore, I am not aware if the price of gold was fairly overvalued before and thats why is doing a correction at the moment. Any thoughts or improvements? Any prediction about the direction of gold? I believe theres going to be a correction and it might lower up to 0.61 on the FIB retracement. I couldnt find any pattern (Still learning them). Comment what you guys think. Ty
Note
I accidentaly moved the fib retracement a bit. lower, sorry about that.
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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.