Chris4XTrading

Chris4XTrading Updated 

Gold price is currently sitting at a crossing point on the 50% Fibonacci line and resting upon the 1D long-term trend line. This is the deciding point whether XAUUSD will go bullish or continue it's naturally bearish move to 1275.00 region.

Chris4XTrading Updated 

The currency pair is currently ranging in a trend, however the bearish trend seems to be becoming more powerful. Long-term and short-term Fibonacci lines confirm the possible movement of 9000-11000 pips downwards to the 135.00 region, whilst profits can be taken at intersecting Fib lines. Alternatively , the currency pair could continue to range, reach the 100%...

Chris4XTrading Updated 

Assuming the currency pair is ranging in a trend, the price should come down to around the 147.00 area and then reverse upwards towards 160.000.