Hey there Trader,
A correction destination has been reached in the Fibonacci Zone.
What's left now is for price to retest a critical level inside the zone and in the same time, it will be giving us a 3rd touch in the ascending trendline within a zone.
Those are my sell confirmations.
As depicted, We go for a sell!!!
This is just a short term of GOLD. i will share the loge term view on my following setup on GOLD where Gold is more likely to go further down as it looks to complete a Bullish Flag with a 3rd touch on my descending trendline!!
Cheers
A correction destination has been reached in the Fibonacci Zone.
What's left now is for price to retest a critical level inside the zone and in the same time, it will be giving us a 3rd touch in the ascending trendline within a zone.
Those are my sell confirmations.
As depicted, We go for a sell!!!
This is just a short term of GOLD. i will share the loge term view on my following setup on GOLD where Gold is more likely to go further down as it looks to complete a Bullish Flag with a 3rd touch on my descending trendline!!
Cheers