Gold: Longterm Breakdown for 2020
Updated
Taking a step back in this season of illiquidity over the Christmas break to the new year holiday we can look at something interesting at the weekly timeframe for gold. Every 500 of this chart represents a key level that we need to pay attention to its been back tested and proven and you're more welcome to do so by using the make it mine feature in the bottom right corner of the screen.
Drawing a weekly fit here we can see exactly what I'm trying to assess with my bias right here. I have labeled the chart a BNC and you can see with proper Fibonacci operations how well the structure has presentex. With a stronger goal that we can assume a week a dollar this is a perfect call agreement between two strategies on two different community bases.
Drawing a weekly fit here we can see exactly what I'm trying to assess with my bias right here. I have labeled the chart a BNC and you can see with proper Fibonacci operations how well the structure has presentex. With a stronger goal that we can assume a week a dollar this is a perfect call agreement between two strategies on two different community bases.
Note
+1,239 pips
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