In the big picture gold weekly closed in the limits of big triangle. Next week, due to expecting high volatility it is acceptable to hit price around 1370-1377. Next weekly closing price must be under 1350.
Trade active
Weekly closing price must be below 1300s.Trade active
price may need a break and take rest at fibo 61.8 level 1260s. highest wave of price is to be 1297.Trade active
price action was enough hungry to close weekly price over 1300 but its still below 1304. price may rest back to 1293-1282 and after run to hit 1304 aim to 1320 or move up to 1320 directly after opening.Trade active
we are on way to 1212-1204 range. technically in the end of Feb- begining of March it is time. so an event is expected to effect the price action to north. whatch out for events, speechs etc. pasific is blowing. middle-east no need to say something. govts are in rush to be ready for something. lets see.
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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.