Last week, pullback has reached 62% fibonaci.
It have an opportunity to continue the correction in to 3205 support or more lower at 3190 level support.
So we need to becarefull on next week and we looking for a reversal / rejection signal from the market as a confirmation.
We need to give our attention to a fundamental data also. If there is a big news on war / geopolitical or global economic in July, we could be more convidence about gold price direction.
If 3155 lose...it would be more deep, but it would be unlikely.
Have a good luck !
P.S : If you agree, Boost it
It have an opportunity to continue the correction in to 3205 support or more lower at 3190 level support.
So we need to becarefull on next week and we looking for a reversal / rejection signal from the market as a confirmation.
We need to give our attention to a fundamental data also. If there is a big news on war / geopolitical or global economic in July, we could be more convidence about gold price direction.
If 3155 lose...it would be more deep, but it would be unlikely.
Have a good luck !
P.S : If you agree, Boost it
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.
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.