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BhekaniZitha
Jan 7, 2021 12:22 AM

How to Trade GOLD XAUUSD with Fibonacci Retracement tool? Short

GoldOANDA

Description

Gold reached the resistance with a 3rd level of the market maker as well as with the 3rd touch (Many tolls are not shown here for clear purposes).

Now the Gold is crashing into the Fibonacci Retracement zone for a measure correction of all the 3levels of the market maker (This behave has been observed; The market will make a major correction for all 3levels once the market finally ends the structure).

Currently the GOLD price is making a correction for a bearish move from a resistant zone. Once the price reaches the 50.0%_61.8% zone, the price of GOLD will crash, making a continuation pattern...

Do you agree or not? I would like to know...

My kind of idea...

Cheers....
Comments
mahadyaree
thanks for the nice analysis man
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