Sellers seems to have taken control on the gold.
The downward trendline which starts on Jan 21 have currently been retested & seems to be well in play.
The prices have also broken and retested the 50% fib.
Prices likely to retest the 61.8% & 76.4% fibonacci in the near future.
The downward trendline which starts on Jan 21 have currently been retested & seems to be well in play.
The prices have also broken and retested the 50% fib.
Prices likely to retest the 61.8% & 76.4% fibonacci in the near future.
Comment:
Take profit and exit the trade after hitting the 61.8% fibonacci. U.S. Nonfarm Payrolls likely to cause high volatility.