Gold has done everything that seemed impossible, once again making us believe that anything is possible and that there is no certainty in financial markets. The market is not rule-based, but rather operates within a framework.
Alright, let's move on to the analysis of gold.
It seems that after the manipulations and high demand on gold, it was time for it to reverse from the PRZ (Potential Reversal Zone), which we identified using Fibonacci. It had a good reaction as well. Now, we are waiting to see if it will break the trend and drop, or if it will once again enter the demand zone
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.