By using Fibonacci Retracement we are able to see the formation of A-B-C and D as a profit target
Fibonacci retracement. Little low and from there BuyBuyBuy
The price is in bullish action after having touched a level, thereafter making a double confirmation for a long position
The support was broken, and now it has been retested. On the way to the support level
First it almost reaches the resistance, second the fibonacci retracement confirms the price action at the golden point at 50%, third the price is is consolidating
Let's see the gold melt. Comment, like, follow
My perspective from Fib retracement. Long position, as oil battles for new highs
From a Fib retracement point of view the value is ready to rise up. I suspect that is buy, considering the COVID-19 is more-less over and Oil prices are getting back on track