GOLD WAITING FOR RETRACEMENT | UP !!
Based on the daily timeframe chart, a strong confluence is evident around 1925.88, which will serve as our support area for the entire week starting from August 7 to August 14, 2023. There is a possibility that the price will continue to rise until it reaches the .618 Fibonacci level of the previous high and low. My strategy is to buy on each retracement within the demand area, but always remember to take your own risk and perform your analysis.
Wishing you good luck! 🍀
Wishing you good luck! 🍀
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.
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.