Gold price is in zigzag correction and this analysis is on weekly chart.
More upside move ahead after the completion of this correction.
So looks for short opportunity in smaller time frame and follow this route map.
More upside move ahead after the completion of this correction.
So looks for short opportunity in smaller time frame and follow this route map.
Note
Note
This is a perfect ending diagonal pattern.
Whenever you see a strong rejection from any of these Fibonacci level, open your long position for all time high because price will recover this drop with double speed.
Note
Focus on these two zones for tomorrow CPI trade
Note
Note
Note
Trade active
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Related publications
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.