Gold has retested back to the price of 1880 as outlined in my most previous post. Hopefully you were able to take advantage!
I am leaning towards a short-term retracement based on the amount of red candlesticks that fall into the inside of the Fibonacci fan vs the amount of green ones.
We have not seen Gold reach this price point since around May 2021, and I have used that time frame to measure the potential of current trends.
My next TP goal is 1876 or .5 on the Fib scale with a support price of 1830 or .618 and a resistance of 1923 or .382.
I am leaning towards a short-term retracement based on the amount of red candlesticks that fall into the inside of the Fibonacci fan vs the amount of green ones.
We have not seen Gold reach this price point since around May 2021, and I have used that time frame to measure the potential of current trends.
My next TP goal is 1876 or .5 on the Fib scale with a support price of 1830 or .618 and a resistance of 1923 or .382.
Note
1878* or .5
Related publications
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.
Related publications
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.