1301 WKP5 GOLD correcting down to fibo 0.5-0.618
XAUUSD has been on the uptrend for a really long time.
Actually ,it start from the end of Nov of 2019 and reached 1611, higheset high in 6 years, last week.
Considered last week as the signal of the end of the long time uptrend, it is now on the correction down to fibo 0.500-0.6180. The red zone could be a support zone for the 1st corrective wave.
Good luck!!!
LESS IS MORE!
Actually ,it start from the end of Nov of 2019 and reached 1611, higheset high in 6 years, last week.
Considered last week as the signal of the end of the long time uptrend, it is now on the correction down to fibo 0.500-0.6180. The red zone could be a support zone for the 1st corrective wave.
Good luck!!!
LESS IS MORE!
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直接扫码入群：
www.red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
