DeGRAM | GOLD fibo cluster zone at resistance level

GOLD bounced off the support level, with the lower border of the channel going up.

The market created a kill zone: a bearish harmonic pattern at resistance, dynamic resistance, and fibo cluster.

We expect a bearish move from the level where price dopped.


-------------------

Share your opinion in the comments, and support the idea with a like. Thanks for your support!

تعليق:

GOLD moved out of the ascending channel, and it made lower lows. 

The market broke and closed below the support level, which became a resistance that was respected before.

The market dropped from the resistance and 50% fibo level.

If the resistance level rejects the price, then we can look for selling opportunities.