I always love to predict the reversal; that's always been my strategy. Currently, gold price gains are likely to be driven by the Ukraine x Russia tensions, and it's all news-driven price action. Based on the technical analysis, 1915-1925 is strong resistance, and it was June 2021 high. If the price rejects the resistance, potentially, gold will reverse, or at least fall to retest the 38.20% to 61.80% Fibonacci retracement, maybe below.
Invalidation: - This analysis fails if Gold breakout and close above 1915-1925 Resistance
Catalyst: - Ukraine x Russia x US news
Caution: - Keep monitoring Ukraine x Russia x US news
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.