In my opinion, in spite of its fate driving it upward for the long term, Gold has still the tendency to perform the correction is owes the relatively long lasting H4 raise since 1666 which is expected to follow a 61.8 fibo retracement pattern. it is of course not possible to predict the exact route it will take, but still it is fairly logic to expect it to make some even unpredictable up and down movements in between in order to .............!!!
Note
Note the correlation between the daily trend and the fibo retracement beside the support level at 1826...
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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.