🥇 Gold Time for Growth 🥇
🥇 Gold Time for Growth.
🥇 Nearest strong support zone: around the fibo 0.5 level of the downward wave.
🥇 Nearest strong resistance zone: around the 0.618 fibo level of the declining wave.
🥇 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Downtrend
🥇 Price action: Gold is preparing to break out. After I wrote in the last post the probable arrival at the vicinity of the support zone, today it happened. Currently, I do not see any further possibility for the continuation of declines, I expect the execution of an upward correction that can take us to the area of resistance established on the basis of the fibo level 0.618 of the downward wave.
📈 The scenario I am playing out is the start of an upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
🥇 Nearest strong support zone: around the fibo 0.5 level of the downward wave.
🥇 Nearest strong resistance zone: around the 0.618 fibo level of the declining wave.
🥇 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Downtrend
🥇 Price action: Gold is preparing to break out. After I wrote in the last post the probable arrival at the vicinity of the support zone, today it happened. Currently, I do not see any further possibility for the continuation of declines, I expect the execution of an upward correction that can take us to the area of resistance established on the basis of the fibo level 0.618 of the downward wave.
📈 The scenario I am playing out is the start of an upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.