As annotated on the chart - Price has entered a PRZ which is also fluent with several fib levels and channel resistance creating an opportunity to short gold.
The -0.27 fib extension (target 1) lines up fluent with both support from the descending channel and the ascending trend line @ 1159.07.
Should the trend line break secondary targets are point 2 of the ascending trend line, followed by point 1.
The -0.27 fib extension (target 1) lines up fluent with both support from the descending channel and the ascending trend line @ 1159.07.
Should the trend line break secondary targets are point 2 of the ascending trend line, followed by point 1.