Nuggets
People are calling the short for gold already. 1800 is where I believe we will end up soon and that's where I will take my shorts from if we get there. Drawing an accurate and true trend line is something which I find difficult as there are some many opinions. Wick to wick, wick to body, body to wick and so on. I believe in what ever fits best, this is why I do this 'filled' zone between trend lines as even though it sits between two trend lines it actually gives a more accurate placement of where we are heading.
The fib looks so clean and ready to hit the extension targets! I don't believe this will all be done quickly but over the space of a few weeks. there is 1750/80 to get passed first.
NOT FINANCIAL ADVISE!
The fib looks so clean and ready to hit the extension targets! I don't believe this will all be done quickly but over the space of a few weeks. there is 1750/80 to get passed first.
NOT FINANCIAL ADVISE!
Note
Another confluence
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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.