🥇Gold Start Of A Strong Downward Wave?🥇
🥇Gold Start Of A Strong Downward Wave?
🥇The possibility of a major downward correction by gold is opening up in front of us.
🥇Looking at the dynamics of today's declines and the fact that the dollar is strengthening.
🥇I am leaning more and more in favour of a pro-decline scenario.
🥇The nearest strong support zone is around the fibo level of 0.382 of the entire upward wave from the bottom to the current peak.
🥇I would like to emphasise that the possibility of unexpected movements at the current moment is very likely.
🥇The technical environment currently supports a downward scenario.
🥇The scenario I am currently playing out is an attempt to attack the declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥇*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
🥇The possibility of a major downward correction by gold is opening up in front of us.
🥇Looking at the dynamics of today's declines and the fact that the dollar is strengthening.
🥇I am leaning more and more in favour of a pro-decline scenario.
🥇The nearest strong support zone is around the fibo level of 0.382 of the entire upward wave from the bottom to the current peak.
🥇I would like to emphasise that the possibility of unexpected movements at the current moment is very likely.
🥇The technical environment currently supports a downward scenario.
🥇The scenario I am currently playing out is an attempt to attack the declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥇*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.