Basically what we can see is that gold is creating lower highs meaning there is a down trend happening. But there is a strong support line on the 23.6% Fibo area.
Nevertheless its is still trending down so we can expect that 23.6% level will be tested again and that will be the area of 1st TP. Should it breaks through 2nd TP will be at 0% level.
Let's keep the technical simple and easy for all to understand.
Like and Follow guys!
Nevertheless its is still trending down so we can expect that 23.6% level will be tested again and that will be the area of 1st TP. Should it breaks through 2nd TP will be at 0% level.
Let's keep the technical simple and easy for all to understand.
Like and Follow guys!
Note
Nice movement to the down side on goldNote
TP1 Bagged. Awesome.Trade closed: target reached
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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.