Gold at a key moment to move forward
Hello Traders. Hope you are doing well out there.
As I look at gold, i see that it respects very well the Fibonacci levels (as you can see it on the chart) and that makes me believe that if the 50% level holds and gold closes above $1877 then we will see price advancing towards $1920 where the next Fibonacci level is. In extension we can see gold also above $1960 in the next few days.
The other scenario, if gold drops bellow the Fibonacci ($1877 ) then we can see the price moving down towards $1833 and from there that could be a very good entry point for longs.
I hope that this helps you somehow to get a better understanding of gold movements. Stay safe out there and keep your exposure in check.
As I look at gold, i see that it respects very well the Fibonacci levels (as you can see it on the chart) and that makes me believe that if the 50% level holds and gold closes above $1877 then we will see price advancing towards $1920 where the next Fibonacci level is. In extension we can see gold also above $1960 in the next few days.
The other scenario, if gold drops bellow the Fibonacci ($1877 ) then we can see the price moving down towards $1833 and from there that could be a very good entry point for longs.
I hope that this helps you somehow to get a better understanding of gold movements. Stay safe out there and keep your exposure in check.
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إخلاء المسؤولية
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.