Not much has changed, If you missed the last decent entries on the 50/61% levels of the Fibonacci, I would suggest to be patient and wait.The current positions are only good for scalping in my honest opinion.
As we know this formation can be broken either way, and its overdue for a decent pullback for
XAUUSD
. We got as low as 1860s.
That was an extremely important entry position for those trying to get a long position. Following the fundamentals closely as we approach election time, we can see gold prices pullback even lower than 1860s.
Hopefully for those waiting to get in again at a decent entry we might see 1760s zone again. Refer to my previous analysis which goes in more detail.
As we know this formation can be broken either way, and its overdue for a decent pullback for
XAUUSD
. We got as low as 1860s. That was an extremely important entry position for those trying to get a long position. Following the fundamentals closely as we approach election time, we can see gold prices pullback even lower than 1860s.
Hopefully for those waiting to get in again at a decent entry we might see 1760s zone again. Refer to my previous analysis which goes in more detail.
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Cangaceiro
about XAUUSD
Update on Gold
Cangaceiro
about XAUUSD