Keep an eye on the weekly chart in gold as you can see it is approaching a resistance confluence. The weekly 200sma is sitting in between the major fib levels. Anticipate a bearish reversal formation on the lower time frames which sets up for downside targets.
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.
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.