Measure FIBONANCI to find gold's recovery point
Updated
⚡️Market news
Gold hit a 6-1/2-month low on Wednesday as support at $1,900 an ounce since early August collapsed amid continued investment flows from the yellow metal to the dollar and treasuries. silver.
The most active gold futures contract on New York's Comex, gold for December delivery, was steady at $1,890.90 an ounce, down $28.90, or 1.5%. Gold's previous December low was 1,875.70, recorded on March 13.
⚡️Optimus's point of view
Gold has been in a continuous decline for the past 3 days, causing many traders to be stuck in orders. So the expected recovery point of gold will be shown in this trading article.
The 1893 and 1900 areas are two golden areas that can be found in tonight's unemployment claims news.
⚡️Plan trading
SELL ZONE 1900-1898
SELL SCalping 1892-1894
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Gold hit a 6-1/2-month low on Wednesday as support at $1,900 an ounce since early August collapsed amid continued investment flows from the yellow metal to the dollar and treasuries. silver.
The most active gold futures contract on New York's Comex, gold for December delivery, was steady at $1,890.90 an ounce, down $28.90, or 1.5%. Gold's previous December low was 1,875.70, recorded on March 13.
⚡️Optimus's point of view
Gold has been in a continuous decline for the past 3 days, causing many traders to be stuck in orders. So the expected recovery point of gold will be shown in this trading article.
The 1893 and 1900 areas are two golden areas that can be found in tonight's unemployment claims news.
⚡️Plan trading
SELL ZONE 1900-1898
SELL SCalping 1892-1894
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Note
Waiting for gold to hit our positionNote
Fibo 0.618 must wait until the next beatNote
Note
Let's wait and see what happens tonight
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