Bulls case. Gold chasing the fib lines.
I was dead wrong about Gold breaking down, but fortunately knew to close my short before the initial rally.
I believe we are filling out the fan which is simply chasing the rest of the fib retracements. Currently, we are going towards the 382 again which sits at 1380. It is possible but not yet knowable to say it could fill the entire fan and chase the 5 line at 1483 also. Time will tell. I say keep riding this wave up.
I believe we are filling out the fan which is simply chasing the rest of the fib retracements. Currently, we are going towards the 382 again which sits at 1380. It is possible but not yet knowable to say it could fill the entire fan and chase the 5 line at 1483 also. Time will tell. I say keep riding this wave up.
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.