Gold has been playing out perfectly. In our last analysis, we were short from the ascending correction and price moved down nicely. We are now in a correction and looking for rejection the 1780-1785 level where we have the descending trendline, fibonacci and structure level.
Waiting for gold to make one more move higher before entering shorts back down to the -0.27 fibonacci which lines up with the previous lows.
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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.