GOLD Our Technical Confluence Indicator Signals Gold Price Retreating From A 1965 Resistance Confluence Including Fibonacci 38.2% In One Day And 61.8% In One Week, As Well As 23.6% In One Day month.That said, the quote now seesaw around the 61.8% Fibonacci for a day, around $1,960, a break of which would see a bumpy road before testing the $1,950 support level including including the Fibonacci level of 23.6% for a week.
Accordingly, the one-day 161.8% Fibonacci and 100 DMA could act as a last resort for gold buyers near 1940$ and 1935, respectively.
Meanwhile, a successful break of the $1,965 barrier by XAU/USD could quickly reclaim $1,960 on the chart, including the one-week Pivot Point R1.
I expect gold to collapse from 1956 to 1940 and we will buy
GOLD together around the 1940$-1943$ zoneStoploss: 1930
The level I expect
GOLD to return is 1948$, 1953$, 1960$I hope everything goes according to plan and you make a lot of money
Note
Let's wait for the news tonightTrade active
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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.