bless2770191

Gold Retracing to re-test the Support area

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Last week we Spoke about possibility of the price that it will rally up and get resisted between level 1975.02 - 1983.51 then retrace back to support 1855.02 where 0.618 fibonacci retracement level lies, then shoot up to resistance 2036.34.
Instead it didn't retrace between level 1975.19 & 1983.51 but went up to resistance 2036.34 and then fall down to price level 1880.00, to give a discount so we can buy before the gold price become expensive again to price level 2036.34 (our target)

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.