Gold Correction Incoming?
Gold has been on an uptrend since the start and given FIBs work cleanly with this pair, thought of sharing an idea. No wrong or right, just my view.
Based on FIB levels on the monthly timeframe, GOLD has hit the -0.618 target after its move up nicely from the 0.5 Fib Ratio run up at 1600-1700 range ..High time correction is about to come unless manipulation or further fundamentals persists which could drive prices a little higher.
This is definitely from a long term swing POV so obviously it will NOT be an intraday move unless Market Makers/Fear drives prices down at rapid speed. Your thoughts?
Based on FIB levels on the monthly timeframe, GOLD has hit the -0.618 target after its move up nicely from the 0.5 Fib Ratio run up at 1600-1700 range ..High time correction is about to come unless manipulation or further fundamentals persists which could drive prices a little higher.
This is definitely from a long term swing POV so obviously it will NOT be an intraday move unless Market Makers/Fear drives prices down at rapid speed. Your thoughts?
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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.