As we can see, Gold is currently nearing the end of a tightening range which will most likely result in a large move either upwards or down. We recently saw a false break reaching all the way to the 2692 level before promptly returning back to the triangle.
Should we happen to fall down from this triangle, i will be targeting the Fibonacci golden pocket at 2510 approx.
On the other hand, if we experience a breakout then I will be going long with an initial take profit set at the recent high of 2692.
Either way there is huge potential in the days to come, good luck everybody!
Should we happen to fall down from this triangle, i will be targeting the Fibonacci golden pocket at 2510 approx.
On the other hand, if we experience a breakout then I will be going long with an initial take profit set at the recent high of 2692.
Either way there is huge potential in the days to come, good luck everybody!