Hello traders, for me GOLD is not YET ready to fly again because D candle close doesn't looks like it's ready to go. I'd rather wait for price to reach 1935-1932 area where in my D FIB 38.2% is. I'd rather wait for it to reach my fib.
But who knows what will happen right? It can go whenever and wherever it wants.
Goodluck GOLD traders!
But who knows what will happen right? It can go whenever and wherever it wants.
Goodluck GOLD traders!
Note
Quick update for this idea guys, as we've seen it really this go down yesterday Friday. But what I didn't expect is that D and W candle closure are too strong in the sell side. So instead of anticipating price in just 38.2% of the fib. I would likely expect price in any of the fib, even in 78.6% because USD is too strong. GOLD has been crazy this past few weeks. It moves like the USDOLLAR instead of going the opposite way but now it's been going the other way around. JUST WAIT FOR D ENGULFING OR BEAUTIFUL HAMMER CANDLE CLOSURE IN ANY OF THE FIBS.Goodluck guys and have a great weekend.
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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.