Just that above the watermark the long and deep falling correction turn upward as I suggest that in the related idea(Good priced gold).
The falling grey line is about to break upward, so I expect the continuation of the rising to new little high. My target is at the 1.382 Fibonacci level(1796).
Trade below 1691 means the bulls were beaten so the downside pressure will remain!
The falling grey line is about to break upward, so I expect the continuation of the rising to new little high. My target is at the 1.382 Fibonacci level(1796).
Trade below 1691 means the bulls were beaten so the downside pressure will remain!