2809 XAUUSD GOLD break down to a new low but
Hello traders,
GOLD has reach the FIBO ext 2.27 POSITION of last wave A.
This is a position only usually hit on a strong trend like this bearish trend for GOLD.
This is a not a position to open sell for your own account safe. But you could try if you prefer to trade on a smaller timeframe chart.
Now we are checking Fibo 382 position for BC wave to pull back if C is ending there.
A new leg down could happen after the correction.
GOOD LUCK!!!
LESS IS MORE!
GOLD has reach the FIBO ext 2.27 POSITION of last wave A.
This is a position only usually hit on a strong trend like this bearish trend for GOLD.
This is a not a position to open sell for your own account safe. But you could try if you prefer to trade on a smaller timeframe chart.
Now we are checking Fibo 382 position for BC wave to pull back if C is ending there.
A new leg down could happen after the correction.
GOOD LUCK!!!
LESS IS MORE!
