Head and Shoulder touch of the daily trendline good key level to sell
THIRD TOUCH OF THE TRENDLINE 61,8 FIBS GOOD SUPPORT ZONE AT 1930 AREA
3 TOUCH TRENDLINE 61,8% FIBS GOOD SUPPORT ZONE AT 1930 AREA
Elliot wave pattern institutionnal trend
The Gold should slowly retrace exactly in the 1480 zone which corresponds to the last support zone, 50% fibs of the last impulse in confluence whit two trend lines. Basically if there is still uncertainty between China and the United States for an agreement we will see the GOLD continue its race upwards until the extension 127.20% (1600) for a total of 1230 pips!
Im waiting for the retest of the neck line matching whit the 61,8% fibs of the last impulse in daily + 38,2% of the last impulse in 1h time frame
Head and shoulder pattern
US-CHINA uncertainty wait for the retest of the trend line and 38% fibs I aim 1600 for my TP final 940 pips potential all the green zone is the obstacle and partial profit