Hey everyone ,
So i've used a line chart to simplify this for now , Some obvious thoughts here , It's not liking the 0.5 fib line sellers seem to be defending it well , plus I feel as its below the 200MA and now slipping below the 50MA we could see this break out of the pennant.
I also feel Gold is pulling back for now from some profit taking short term .
If this breaks we are in short ......
Lets get some comments going its boring on my own :)
So i've used a line chart to simplify this for now , Some obvious thoughts here , It's not liking the 0.5 fib line sellers seem to be defending it well , plus I feel as its below the 200MA and now slipping below the 50MA we could see this break out of the pennant.
I also feel Gold is pulling back for now from some profit taking short term .
If this breaks we are in short ......
Lets get some comments going its boring on my own :)
Trade closed: target reached
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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.