Gold - Continue to detect a new peak at a high price
Updated
Hello dear friends!
The golden week has experienced a powerful surge as its price reached $1932.
Currently, in today's trading session, the downward trend continues, although there is a slight price correction at $1911.
With the potential to create a DOW from the chart, using Fibonacci retracement, the decline has reached the perfect level of 0.618, which is at $1907. Therefore, the anticipated price increase is being carried out, with expected highs of $1918, $1932, and finally $1973.
What do you think about the movement of gold? Leave your comments for Karina to know! Good luck!
The golden week has experienced a powerful surge as its price reached $1932.
Currently, in today's trading session, the downward trend continues, although there is a slight price correction at $1911.
With the potential to create a DOW from the chart, using Fibonacci retracement, the decline has reached the perfect level of 0.618, which is at $1907. Therefore, the anticipated price increase is being carried out, with expected highs of $1918, $1932, and finally $1973.
What do you think about the movement of gold? Leave your comments for Karina to know! Good luck!
Trade active
Comment
done target 1 guysComment
Comment
Trade closed: target reached
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.