Gold good reaction at level fibo 50% and 61.8%..looking for short untill level -0.618%
Gold fail to break monthly resistance and broke support daily, bias on sell still strong
I am still look for sell gold since PPI news, reason sell price still respect daily supply and B.O.S
Price still not taken previous low, no clear sign for sell, still waiting price action on the fibo zone
Current price immidiate to order block with divergent of MACD
CHART PATTERN + VOLUME PROFILE on my prediction Gold will go up after breakout of flag pattern
My trade Idea on Gold, look as bearish flag pattern and current price nearly at Fibo golden ratio.
Currently BTC in downtrend and now doing bearing flag, my target after BTC break downward it will go to 1.618 fibo level
Seem look nice rejection candle on Supply area, possible Sell short then Buy long for continuation trend
Gold short term sell then long term buy as per Fibo Analysis
this my prediction of GOLD movement for next week, my key level within the yellow box
Strengten of US index will effect USD pair to go long
Cross over between tredline and SnR at RED BOX + DXY chart still DOWNTREND