🥇That's how I last wrote about the upcoming correction in previous posts. Link below:
🥇As you can see the declines have arrived and it's time to zoom in again on the nearest support and resistance zones which I think will play a key role in the coming days.
🥇Starting from the support zone determined by the very strong fibo level of 0.786 of the entire downward wave from the 2011 peak to the 2015 bottom.
🥇The resistance zone ahead is determined by a strong cluster of two levels. The first is the 0.886 level of the entire downward wave from the 2011 peak to the 2015 bottom and the second level is the 0.236 level of the entire upward wave from the 2015 bottom to the 2020 peak.
🥇As you can see there are a lot of interesting trading sessions ahead, I am really curious to see if gold will find the support zone that I have set.
🥇The scenario I am playing out is a continuation of the upside after a strong bounce from the support zone with the target direction set by the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥇 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀