As we are seeing AB=CD in Gold on 2 hrs time frame (better on 4Hrs) .
by putting a trend base fib from the point A to point B and fib start from point C we can see the ressistance or the end of the point D i.e. 1769.971 we can clearly expect a short on the gold up to our demand zone 1740.320 - 1736.085.
we can also see the short trade supported by the fixed volme profile with the target of 1740.218.
My analysis summary
gold short 1769 - 1772
sl - 1773
tp - 1740
by putting a trend base fib from the point A to point B and fib start from point C we can see the ressistance or the end of the point D i.e. 1769.971 we can clearly expect a short on the gold up to our demand zone 1740.320 - 1736.085.
we can also see the short trade supported by the fixed volme profile with the target of 1740.218.
My analysis summary
gold short 1769 - 1772
sl - 1773
tp - 1740
Note
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Related publications
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.