Hello my gues
Gold fell when it reached a new historical resistance level of 2148, and when it fell, the price made a statement and not reversed the trend because some bears withdrew their profits from 1975, which is similar to the previous historical resistance level of 2075, that is, 75 is a common number between support and resistance, so I think that the price will continue to fall to... The 1940 level and this rise is a correction and not a trend reversal, so I used Fibonacci to determine the end of the upward trend
Gold fell when it reached a new historical resistance level of 2148, and when it fell, the price made a statement and not reversed the trend because some bears withdrew their profits from 1975, which is similar to the previous historical resistance level of 2075, that is, 75 is a common number between support and resistance, so I think that the price will continue to fall to... The 1940 level and this rise is a correction and not a trend reversal, so I used Fibonacci to determine the end of the upward trend
Note
In profit nowNote
We achieved 50 pips with zero reflectionTrade active
It hit TP1 150pips👌❤️🔥👌Note
Remember itNote
The price will reach 2030 the it will fall down to 1960Note
The price will reach 2030, then it will fall down to 1960
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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.