GOLD finally broke out from the triangle
After the triangle breakout the next level is 1196, 89. It's the daily chart's 10 EMA.
Gold was trying to turn up from the 10 EMA during the last 2 days , so that's the first level we have to break. After breaking it we will heading down to 1180 (02.10. low) ( highlighted in a red box) . This level is the FIBONACCI 38,2% retracement of the previous rally.
I will also post a daily chart update.
Gold was trying to turn up from the 10 EMA during the last 2 days , so that's the first level we have to break. After breaking it we will heading down to 1180 (02.10. low) ( highlighted in a red box) . This level is the FIBONACCI 38,2% retracement of the previous rally.
I will also post a daily chart update.
