The price in the extending triangle
So, price of gold drew a figure the extending triangle. I expect breakdown it up. I consider that bulls should not worry as any of Fibonacci's levels is not executed. It is very probable that the movement will continue for a start to the top line of a downside channel on the day chart up soon. Fibonacci's purposes: 0.382 - 1895; 0.5 - 1928. Therefore I hold the long position.
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.
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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.