Consolidation for gold and then down to support
So looking at the Fibonacci, we can see the support and resistance zones that we are trending between right now. There isn't much news coming up right now but next week there will be more - like unemployment claims and fed chair Powell speech. It would make sense that the price consolidates between 2600-2666 and then we eventually drop down to 2560 next week sometime.
Thanks for reading, let me know your thoughts.
Thanks for reading, let me know your thoughts.
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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.