Hi Traders,
Here is gold braking out of the descending channel and pouting around the previous supply area.
Here it is, i am anticipating for a straight rebound, provided that XAUUSD, made a successful retest back to the previous demand zone, which also falls at the Fibonacci 61.8% Golden ratio level of,.
And this could ultimately leads to a fast bullish run.
It's advisable to wait for the completion of the retest before going long.
Here is gold braking out of the descending channel and pouting around the previous supply area.
Here it is, i am anticipating for a straight rebound, provided that XAUUSD, made a successful retest back to the previous demand zone, which also falls at the Fibonacci 61.8% Golden ratio level of,.
And this could ultimately leads to a fast bullish run.
It's advisable to wait for the completion of the retest before going long.
Note
CPI BROKE THE PRICE DEEPER THAN EXPECTED - BUT NFP TOOK IT BACK UPACTIVE TRADE -
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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.