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Gold Spot / U.S. Dollar
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đź”»GOLD | ANALYSISđź”» 1D Time Frame

By GDB333
Updated
XAUUSD

Hello traders,

• The 38.2% Fibonacci level has offered quite a bit of support, and we formed a nice hammer for the Friday session.
• However, if we break down below the hammer from Friday, it opens up the possibility of a move down to the 200-Day EMA, which is closer to the $1810 level.
• Underneath that, we have the 50% Fibonacci level, which is basically at $1800 and will attract quite a bit of attention.

*Don't forget to fuel up with coffee ladies and gentlemen!




---Please note that these ideas are for informational purposes only and should* be taken as IDEAS. It is important to conduct your own research and make informed decisions before making any trades.---


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sellers on the run!
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