Gold Spot / U.S. DollarUpdated XAUUSD daily Gann with Fibs
The levels and fans are on the chart. The .5 level is certainly key, and I believe the supp/res fans are clear as well. At this moment, I am curious to see how price reacts at the .618 level. It has been a popular area.
It is my opinion that there is currently more pressure to the downside, but will wait for more confirmation.
It is my opinion that there is currently more pressure to the downside, but will wait for more confirmation.
Note
I'm looking for more confirmation this week.Price level continued to dance along the 3x2 trend line (gold fan) to finish out the week, and the .618 fib was not broken.
Best wishes for a great February. Please reply with any views, pro or con. I have zero reputation points, so I thank you for any help in this regard.
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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.