Gold Spot / U.S. DollarUpdated Is Gold Turning Back ?
After a diagonal-type rally, gold has retraced for exactly 50%.
while making a cypher harmonic pattern, gold is also attempting to break out of the downtrend channel which it was stuck in.
passing 38.2% line looks like a good buy
while making a cypher harmonic pattern, gold is also attempting to break out of the downtrend channel which it was stuck in.
passing 38.2% line looks like a good buy
Trade closed: target reached
:)
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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.