Price is reacting with a long term Fib level at 1122.84, and moving up to the mid 1170s.
Around the 1170s we have an overlap of two fibonacci retracement levels, and a horizontal resistance level. After a decently strong bearish candle closes from this resistance, I will be shorting gold with a target of 1135, and a second one in the high 1000s as price makes its way down to 1040.
Around the 1170s we have an overlap of two fibonacci retracement levels, and a horizontal resistance level. After a decently strong bearish candle closes from this resistance, I will be shorting gold with a target of 1135, and a second one in the high 1000s as price makes its way down to 1040.
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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.