Gold could rebound at this level. Watching for signals.
Note
Still consolidating at this area of .618; if we see a turn upward, 1305 area for .618 retrace. Note
No change in PA yet. Watching this consolidation with a few early entries in long at low leverage until we see breakout of downward channel and to limit losses if this is testing the bottom of the support it broke on daily before more downward movement. We'll have to wait and see.
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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.