FUNTRADER-Vera
Short

1301 WKP5 GOLD correcting down to fibo 0.5-0.618

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD has been on the uptrend for a really long time.
Actually ,it start from the end of Nov of 2019 and reached 1611, higheset high in 6 years, last week.

Considered last week as the signal of the end of the long time uptrend, it is now on the correction down to fibo 0.500-0.6180. The red zone could be a support zone for the 1st corrective wave.

Good luck!!!
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Thanks Vera. Our bullish perspective:

+1 Reply
FUNTRADER-Vera InvestingScope
@InvestingScope, Treasury Department drops China’s designation as a ‘currency manipulator,’ in further sign of thaw.
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Good job
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