Since hitting 3360+ Gold has formed a channel(flag) on which it has been declining on. Main goal is the 71 -79 retracement region before we get back to buys towards new all time highs.
Currently we at the lower end of the channel giving a buy opportunity towards the 1hr FVG @3325-3330 where we will also look for more sells and target 3280 -3274 (the 71 -79 retracement region).
NB don't force the market and watchout for major news
Currently we at the lower end of the channel giving a buy opportunity towards the 1hr FVG @3325-3330 where we will also look for more sells and target 3280 -3274 (the 71 -79 retracement region).
NB don't force the market and watchout for major news
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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.