GOLD/USD
I think Gold change in the next week by fundamental but for now, it is the best option.
It all comes down to how traders respond to the retracement zone at $1512.40 to $1526.40.
Holding inside the zone will indicate a neutral to upside bias.
Overtaking and sustaining a rally over the upper or Fibonacci level at $1526.40 will signal the buying is getting stronger, while a sustained move under the lower or 50% level at $1512.40 will indicate the presence of sellers.
This could trigger the start of a steep break.
I think Gold change in the next week by fundamental but for now, it is the best option.
It all comes down to how traders respond to the retracement zone at $1512.40 to $1526.40.
Holding inside the zone will indicate a neutral to upside bias.
Overtaking and sustaining a rally over the upper or Fibonacci level at $1526.40 will signal the buying is getting stronger, while a sustained move under the lower or 50% level at $1512.40 will indicate the presence of sellers.
This could trigger the start of a steep break.