Gold – Fractals to repeat one more time ???
There is nothing technical in this analysis. I just tried to point out the recent cyclic moves of gold prices.
If the fractal pattern (which reflects the recent psychology of the market) will repeat itself, last cycle starting from 1205 is to close somewhere quite below the price level of today.
1310 high of Tuesday seems like the critical point signaling downward price action_.
Before taking long positions, possible sustained recovery of USD and risk appetite of the markets shall be followed closely.
If the fractal pattern (which reflects the recent psychology of the market) will repeat itself, last cycle starting from 1205 is to close somewhere quite below the price level of today.
1310 high of Tuesday seems like the critical point signaling downward price action_.
Before taking long positions, possible sustained recovery of USD and risk appetite of the markets shall be followed closely.
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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.