A little Fib practice with gold on the 15 min. 11/18/2022
Expecting price to buy through trend line toward resistance then reverse for long term sell.
Expecting price to sell toward trend line for the next two days. Will reevaluate position once price reaches trend line.
Expecting price to buy from current position toward trend line. Predicting price to reverse on trend line for long-term sell on daily time frame.
Expecting price to continue bullish movement toward trendline, then change direction for long term sell.
Expecting price to break support and continue with bearish trend. Possible pullback off support to resistance then continue for long-term sell