FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
NOTE: For the greatest accuracy, at the beginning of each month I will make a parallel analysis between the charts of 1 week and 1 month!
As I said last weeks ...GOLD will make a range in the area of Fibonacci 618 and 0.5!
any closure even for a day over Fibonacci 0.5 or below 618 gives the trend for the next months at GOLD ... that is, towards 1836 or until 1583!
For now, I see a rejection from the 0.5 fibonacci zone and a descent to the 618 zone

THIS WEEK...as I said last week GOLD went down in the Fibonacci 618 area from where it climbed strongly!
in the next period it will rise again towards FIB 0.5 and will make the same range between Fib 0.5 and 618 and we will see a trend only after it closes even for a day outside this perimeter!

NOTE: Please, give a LIKE if you find this idea useful!

GREAT ATTENTION:
Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.

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.