Or / Dollar Américain
Mis à jour

GOLD- Pullback

537
Gold almost completed my first target price at 2.277$ last week Friday.
Before we could see another drop there should be a pullback first as the Friday decline was nearly 4%.

What are the possible targets for this pullback?

1. Fibonacci 23,6% at 2.310$ and the breakdown level at 2314$. (RED rectangles)
2. Fibonacci 38,2% at 2.325$ . (ORANGE)
3. Fibonacci 50% at 2.337$ or the weekly 10 SMA at 2.340$. (GREEN)

Weekly 10 SMA backtest:
snapshot
Note
first goal achieved
snapshot
Note
Probably it will be a 2-day-pullback.
Note
Breaking above the first target.
snapshot
Note
And here is the tag of the upper trendline.
snapshot
Note
snapshot
snapshot
Today -wednesday - the pullback will be over.
Between 2023-2025 you should close the hedges if you opened. The decline continues.
Note
And here is the tag of the FIBONACCI 50% and the weekly 10 SMA
snapshot
Note
Weekly 10 SMA IS HERE:
snapshot
Note
I’m short again.

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.