Gold/USD Daily
GOLD/USD
I think Gold change in the next week by fundamental but for now, it is the best option.
It all comes down to how traders respond to the retracement zone at $1512.40 to $1526.40.
Holding inside the zone will indicate a neutral to upside bias.
Overtaking and sustaining a rally over the upper or Fibonacci level at $1526.40 will signal the buying is getting stronger, while a sustained move under the lower or 50% level at $1512.40 will indicate the presence of sellers.
This could trigger the start of a steep break.
I think Gold change in the next week by fundamental but for now, it is the best option.
It all comes down to how traders respond to the retracement zone at $1512.40 to $1526.40.
Holding inside the zone will indicate a neutral to upside bias.
Overtaking and sustaining a rally over the upper or Fibonacci level at $1526.40 will signal the buying is getting stronger, while a sustained move under the lower or 50% level at $1512.40 will indicate the presence of sellers.
This could trigger the start of a steep break.
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.