The decrease purposes on gold 1680 and 1650-1635. I designated these purposes still on August 09 and I continue them to adhere. Earlier I specified that gold created a triangle and further punched it down. Then occurred retest from below and the movement amplified down. The next support is located about level 1680. However, According to the purposes according to Fibonacci at least level 1650-1635 will act as the purpose.
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.
Comment:
Fibonacci retracement
Trade closed: target reached:
The first objectives (1680) are achieved!
Trade active:
I wait for accomplishment of the second purpose.
Trade closed: target reached:
The second objectives are achieved!
