All movements in the market are in harmony. Sometimes we see chaos in the market; maybe emotions cause this chaos, but this is not always the case. Look at the three golden Fibonacci zones in this chart, and the price reactions are like this: Note that the points are moving in beautiful harmony. The price and the range of 2390 are good support, and we saw the price hit this range several times, then we saw the price return and the failure of this area. I have nothing special to say about gold at the moment. Except that we have to wait for the next moves and news so that we can find a good place for trading. This is where we need to be patient.
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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.