Signal: LONG GOLD
After going parabolic this past few days -- hitting a series of ATH on daily basis, Gold finally took some well deserved respite, and hibernated to tap previous resistance turned support area.
Price is now basing again at this discounted zone -- an ideal seeding area.
Fib tap at 38.2 has been spotted. This is where most buyers converge.
The growth prospect of this next phase in progress is a bit on the generous side. A possible 2500 pip scenario from the current price range.
Long at current price 3330.
Target 3650.
TAYOR. Trade safely.
After going parabolic this past few days -- hitting a series of ATH on daily basis, Gold finally took some well deserved respite, and hibernated to tap previous resistance turned support area.
Price is now basing again at this discounted zone -- an ideal seeding area.
Fib tap at 38.2 has been spotted. This is where most buyers converge.
The growth prospect of this next phase in progress is a bit on the generous side. A possible 2500 pip scenario from the current price range.
Long at current price 3330.
Target 3650.
TAYOR. Trade safely.
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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.
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.