Fibonacci confluence Gold (Daily chart)
Potential short opportunity for Gold.
Retested previous resistance twice and failed to break.
Target on 0.782 retracement, is also a fib extension from previous pull-backs (1.618 and 1.414).
TP 1) 1286
TP 2) 1264
SL 1312
Retested previous resistance twice and failed to break.
Target on 0.782 retracement, is also a fib extension from previous pull-backs (1.618 and 1.414).
TP 1) 1286
TP 2) 1264
SL 1312
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.