XAUUSD RECAP
Commencing a journey towards the convergence of various elements, Gold embarks on a path encompassing the .618 Fibonacci level, Point of Control (POC), a meticulous trend line retest, a well-defined structure, and the suggestive presence of a supply zone, setting the scene for a captivating potential entry opportunity. This amalgamation of factors forms the foundation for a potential shift towards a designated target zone. Amidst this evolution, the synchronization with the 200-day moving average on the daily timeframe, coupled with its interplay with established structure, adds an extra layer of reinforcement for target area. As the narrative unfolds, the interaction with the .272 Fibonacci extension level further cements the envisioned trajectory.
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.