Gold is fighting with the 0.5 fib extension at this level, a break above can lead to a test of the golden pocket.
If the price rises to the 0.618 level there is a high probability of rejection and leading to the lower level of the channel at 1600$-1650$ range.
If the price rises to the 0.618 level there is a high probability of rejection and leading to the lower level of the channel at 1600$-1650$ range.
Buy high, sell low
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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.
Buy high, sell low
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.