Will Gold bottom soon?
Since 18th April, Gold has fallen almost in a straight line, losing 1500 pips and retracing all "war" rise.
However, now the price is reaching a very important confluence support given by trend line, a lot of old resistances and Fibo 50% for Aug 2021- Mar 2022 rise and we can have a reversal from this point.
The target for short term traders can be 1885-1890 zone with nagation if the price breaks the trend line
However, now the price is reaching a very important confluence support given by trend line, a lot of old resistances and Fibo 50% for Aug 2021- Mar 2022 rise and we can have a reversal from this point.
The target for short term traders can be 1885-1890 zone with nagation if the price breaks the trend line
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