need to see how deep the correction of wave 2 (or the handle of cup pattern) from 0.382 to 0.786
usually, we won't see 0.618 (because this is big pattern and we are inside super bullish trend)
or 0.786 (dunno why i see this fib from lot of wave 1...)
big bet from bulls would be bounce from 0.382 and 0.5
more people would switch from 1600 to 1700 soon, if gold bounce from 0.382 and 0.5 fib retracement
usually, we won't see 0.618 (because this is big pattern and we are inside super bullish trend)
or 0.786 (dunno why i see this fib from lot of wave 1...)
big bet from bulls would be bounce from 0.382 and 0.5
more people would switch from 1600 to 1700 soon, if gold bounce from 0.382 and 0.5 fib retracement
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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.