Gold /long term
• The prices are in a slightly embarrassing area, it's in the low end of November 30, 2020.
• The area between prices 1783,144 and 1767,547 is a strong demand area.
• Price 1770.180 is a very important price, and it is skipped, and closing below it supports a downside scenario towards 1724.371.
• We see an acceptable probability of a head and shoulders pattern.
• We also mention that wave from b to c is five motive waves, and the price is now in the. corrective abc wave of the previous five waves
• Pay attention to the Fibonacci Cluster areas shown in front of us.
• I think the price will try to go to 1770, and surpassing it means a further drop towards 1724 and 1700
♤We have to make sure before entering, the bulls are still struggling♡
• The area between prices 1783,144 and 1767,547 is a strong demand area.
• Price 1770.180 is a very important price, and it is skipped, and closing below it supports a downside scenario towards 1724.371.
• We see an acceptable probability of a head and shoulders pattern.
• We also mention that wave from b to c is five motive waves, and the price is now in the. corrective abc wave of the previous five waves
• Pay attention to the Fibonacci Cluster areas shown in front of us.
• I think the price will try to go to 1770, and surpassing it means a further drop towards 1724 and 1700
♤We have to make sure before entering, the bulls are still struggling♡
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