top down outlook shows bullish continuation
after a quick top down analysis on gold. we can see that the daily trend line has now broken to the up side. breaking and retesting on the 1hr time frame. fib and fib extension tools are showing the next stop is 2718. perfectly lined with 4hr and daily engulfing candles and strong resistance at 2725. could we see a reversal here at this key zone to retest the broken trend before continuing to an all new high? Or will this be the start of a big correction move down?
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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.