The price goes to the top line of the channel
As you know, I speak about this correction since May. And the price continues the movement towards the top line of a downside channel on the day chart. Therefore I expect that in the nearest future level 1880-1885. However, on it correction should not will terminate as technical indicators on the week chart indicate a turn. Therefore I expect continuation of the movement according to Fibonacci's levels noted by me up. I think lately gold of many ruined as the price drew the dispersing triangle and by that carries out difficult correction.
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
Note
First TP 1883Note
After 1883 the kickback and again growth to the purposes is possible then again.Note
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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.