Yesterday Gold reached a low of 1895.00, not quite 1888.00 as predicted, and then moved past my resistance zone of 1930.00 sparking bullish momentum.
Using the Fibonacci method I am entering a buy at the price .618 or 1950.00 with the first TP at 1962.00 and a potential second TP at .5 or 1974.00.
The market is still volatile because of the Russian Ukrainian conflict, especially commodities, so be sure to be cautious and trade safely.
Using the Fibonacci method I am entering a buy at the price .618 or 1950.00 with the first TP at 1962.00 and a potential second TP at .5 or 1974.00.
The market is still volatile because of the Russian Ukrainian conflict, especially commodities, so be sure to be cautious and trade safely.
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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.
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.