Gold - Fib Analysis
The macro fib extension from the last major bull run are in play.
High volume @ $1,600 shows where the Big Money set their buy/sell orders so this often becomes an area to watch closely.
$1,600 - $1,689 block is where I'll continue to build my long position and look to sell at the next fib level up.
Closing below $1,600 could change the trend but the 200 day EMA would likely catch the fall. The less risky option is waiting for a daily candle close above $1,689.
High volume @ $1,600 shows where the Big Money set their buy/sell orders so this often becomes an area to watch closely.
$1,600 - $1,689 block is where I'll continue to build my long position and look to sell at the next fib level up.
Closing below $1,600 could change the trend but the 200 day EMA would likely catch the fall. The less risky option is waiting for a daily candle close above $1,689.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.