Possible GOLD trend reversal
We see a symmetrical triangle on the Weekly gold time frame. After the brake out we see a pullback to the triangle apex which is usually a major support level. This support level is also confirmed by 0.618 Fibonacci retracement level. The pullback can be potential second Elliot wave, which indicates that a third longer wave follows.
What do you think about this adea?
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.