logindaten

Gold magic 50er fibonacci

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Let's look at gold
We see that we filmed the magical 50% fibonacci in the weekly chart at the end of 2015 and since then have shown a mini trend.
higher lows consistent highs tapers to a triangle.
At some point gold will have to decide if it has enough power to break through or if there is a sell-off.

I speculate that we are on the bullish side and will break through 1365.

Gold is in desperate times and when you look at the Dow parallel, i am very sure that we will see beautiful developments in gold.

enjoy the way

logindaten
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.