As we are seeing AB=CD in Gold on 2 hrs time frame (better on 4Hrs) .
by putting a trend base fib from the point A to point B and fib start from point C we can see the ressistance or the end of the point D i.e. 1769.971 we can clearly expect a short on the gold up to our demand zone 1740.320 - 1736.085.
we can also see the short trade supported by the fixed volme profile with the target of 1740.218.
My analysis summary
gold short 1769 - 1772
sl - 1773
tp - 1740
by putting a trend base fib from the point A to point B and fib start from point C we can see the ressistance or the end of the point D i.e. 1769.971 we can clearly expect a short on the gold up to our demand zone 1740.320 - 1736.085.
we can also see the short trade supported by the fixed volme profile with the target of 1740.218.
My analysis summary
gold short 1769 - 1772
sl - 1773
tp - 1740
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