The GOLD After our previous Idea where we take a Very deep Take profit on the Bearish Flag, today the price tries to recover with a retracement to " Breath " after the strong Push Down. The GOLD is still inside a Bearish channel, under the major Moving averages but today, we can see the RSI and Stochastic in a situation of Oversold, both will try to recover by raising their value and this will reflect on the price going for sure. So we are Looking for a Pullback between the 38.2% Fibo and 61.8% to see again another push down in the direction of the main trend.
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🟪 Instagram: instagram.com/forexn1_com/
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🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
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.