InvestMate 🥇 Gold Falling Further? 🥇

7 févr. 2023

🥇 Gold Falling Further?

🥇 Nearest strong support zone: around the fibo level 0.236 of the upward wave.

🥇 Nearest strong resistance zone: around fibo level 0.618 of the downward wave.

🥇 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend

📊 RSI: Downtrend

🥇 Price action: gold bounced off a local double bottom exactly as I wrote yesterday:

This time I expect the possibility of a continuation of the initiated declines as gold has a high potential to deepen the currently ongoing downward correction.

📉 The scenario I'm playing out is a continuation of declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀

8 févr. 2023

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