Gold nearly reached the all time highs a few days ago which is a critical level to be looking at.
It then had a major reaction down and now it is showing signs of a change in trend.
I believe we could see the trend reversing to the downside here.
It is showing reaction off the golden fib zone.
The trend could also just continue going up from here but I believe this is a critical level to be keeping an eye on.
I would be very careful going long on gold here.
It then had a major reaction down and now it is showing signs of a change in trend.
I believe we could see the trend reversing to the downside here.
It is showing reaction off the golden fib zone.
The trend could also just continue going up from here but I believe this is a critical level to be keeping an eye on.
I would be very careful going long on gold here.
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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.