Gold started to correct after a small bull run. We can determine how long this correction will last using both the indicator and the price action method. Looking at the moving average, the $1786 level is a clear support. When we apply the Fibonacci correction to the distance he ran, the 0.5 region appears to be $ 1780 in the same way. And finally, when we pulled FRVP since 2021, we clearly see that around $ 1780 is support.
So this level is a buying opportunity for me.
So this level is a buying opportunity for me.
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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.