Price of gold moves in the channel on the week chart. According to my previous ideas after achievement of 1830 there should come at least correction. It is confirmed by many factors: 1) the price will reach the lower line of the channel; 2) the price will execute correction 0.618 according to Fibonacci from the previous big growth; 3) technical indicators indicate corrections the need. Therefore I expect growth of the price of 1820-1830 to level about 1950 that corresponds 0.5 according to Fibonacci.
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
