Hello traders,
GOLD is meeting a pressure line for now .
Once it could not pass through it with one strong rally, it will pull back to the bottom line of the channel or just some lower support first.
Buyers will find another new opportunity to run north again with those green arrow to reach FIBO extension of 3rd wave up to 1.950 to test the upper line of the channel again.
So if you are already open an order on GOLD, watch the pressure line which could be a pause for GOLD.
If you did not open yet, wait for a new entry signal to follow the channel.
Good luck!!!
LESS IS MORE!
GOLD is meeting a pressure line for now .
Once it could not pass through it with one strong rally, it will pull back to the bottom line of the channel or just some lower support first.
Buyers will find another new opportunity to run north again with those green arrow to reach FIBO extension of 3rd wave up to 1.950 to test the upper line of the channel again.
So if you are already open an order on GOLD, watch the pressure line which could be a pause for GOLD.
If you did not open yet, wait for a new entry signal to follow the channel.
Good luck!!!
LESS IS MORE!
