After big weekly shooting star gold fell exactly to target which was also monthly 38,2 fib (1275$). Looking now daily, falling has stopped and formed bullish spinning top on Friday. Also daily MACD shows bullish divergence.
Atm im looking for bounce back to trendline retest (1285$) or even to weekly 38,2 fib (1290$). And from there I belive gold will fall to around 1250$.
Short entry should be after daily candle has formed reversal signal.
Atm im looking for bounce back to trendline retest (1285$) or even to weekly 38,2 fib (1290$). And from there I belive gold will fall to around 1250$.
Short entry should be after daily candle has formed reversal signal.
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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.