Hi traders.
Put a FIB from the 9th of August candle on the weekly timeframe and notice how Gold has respected that retracement. Plus at the moment it is in an ascending channel and the price has gone past the 1780 strong resistance. In my opinion, the bears will come in strong from 1830 but until then, I am bullish biased.
Please let me know your take.
Put a FIB from the 9th of August candle on the weekly timeframe and notice how Gold has respected that retracement. Plus at the moment it is in an ascending channel and the price has gone past the 1780 strong resistance. In my opinion, the bears will come in strong from 1830 but until then, I am bullish biased.
Please let me know your take.
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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.