GOLD Sell
On Tuesday, high volume sell-off appeared on gold, as $1916 was tested twice as a resistance. The correction was 2/3 (Fibonacci) of the sell-off.
On Friday, US session started with a new bearish move with increased volume, as the subsequent correction was 1/2 (Fibonacci) of the highest volume candle.
If price breaks out the down trend line price $1990, most likely it will go down to test $1850.
On Friday, US session started with a new bearish move with increased volume, as the subsequent correction was 1/2 (Fibonacci) of the highest volume candle.
If price breaks out the down trend line price $1990, most likely it will go down to test $1850.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.