GOLD. SHORT. TECHNICAL POV
I believe we could be looking at another leg down for Gold after making consistent swings for a while now.
We have many technical confluences so lets see what happens.
- Trendline bounce
- Capped by 61.8% Fib level
- Stalling at resistance zone
- Formed a new Lower High
1040's Downside Target
We have many technical confluences so lets see what happens.
- Trendline bounce
- Capped by 61.8% Fib level
- Stalling at resistance zone
- Formed a new Lower High
1040's Downside Target
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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.