Hi Dears
The monthly and weekly trend of gold tells us that we are currently in a downward trend. In the 4-hour chart, we have a big resistance that gold has not been able to break, so we expect it to continue falling. I calculated the gold target from the monthly trend line, which of course is confirmed by the 1.13 Fibonacci area.
If you like my analysis, please support me with your likes and comments.
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The monthly and weekly trend of gold tells us that we are currently in a downward trend. In the 4-hour chart, we have a big resistance that gold has not been able to break, so we expect it to continue falling. I calculated the gold target from the monthly trend line, which of course is confirmed by the 1.13 Fibonacci area.
If you like my analysis, please support me with your likes and comments.
Don't forget to follow, friend
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Related publications
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.