Price of gold could not be fixed higher than the level of resistance 1750. Therefore my idea from the beginning of August remains in force. The price will continue the movement to strong support 1680. However, I consider that level 1650-1635 will act as the purpose of falling (according to Fibonacci on the week chart).
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
Trade closed: target reached
The first objectives (1680) are achieved!Trade active
I wait for accomplishment of the second purpose.
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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.