Gold is currently in an upward trendline on the 1-hour timeframe.
It has recently made a slight correction down to the 0.382 Fibonacci level, and if the correction continues toward the 0.5 and 0.618 Fibonacci levels, a strong upward move from that area can be expected.
For a safe and confirmed entry, it is advisable to wait for the break of the orange trigger line.
It has recently made a slight correction down to the 0.382 Fibonacci level, and if the correction continues toward the 0.5 and 0.618 Fibonacci levels, a strong upward move from that area can be expected.
For a safe and confirmed entry, it is advisable to wait for the break of the orange trigger line.
Trade active
Trade closed: target reached
Gold is moving according to our analysis, and it's currently making a move of nearly 600 pips in the predicted direction.
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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.
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.