After the triangle breakout the next level is 1196, 89. It's the daily chart's 10 EMA.
Gold was trying to turn up from the 10 EMA during the last 2 days , so that's the first level we have to break. After breaking it we will heading down to 1180 (02.10. low) . This level is the FIBONACCI 38,2% retracement of the previous rally.
I'M STILL WAITING FOR THIS PULLBACK TO COME BACK AT LEAST TO THE 50% RETRACEMENT BEFORE THE 3RD DAILY CYCLE CAN START (1155,08)
Gold was trying to turn up from the 10 EMA during the last 2 days , so that's the first level we have to break. After breaking it we will heading down to 1180 (02.10. low) . This level is the FIBONACCI 38,2% retracement of the previous rally.
I'M STILL WAITING FOR THIS PULLBACK TO COME BACK AT LEAST TO THE 50% RETRACEMENT BEFORE THE 3RD DAILY CYCLE CAN START (1155,08)
