Gold has a Shooting Star on weekly
The ancient 3 candle formation suggests the start of a big correction for the precious metal.
If so then the Fibo lines and Fractal dotted lines are the projected stops/targets/pivots.
Nevertheless the Shooting Star is subject to Technical Analysis fallacy and caution is strongly advised. Do not forget the unfolding of a move on Weekly takes weeks time & distance and the same goes for the confirmation or not of the suggestion to short gold.
Needless to say that in the less probable case the formation doesn't unfold and instead swallowed then flip side to ride the continuation rally which has shown us to persist for even more time & distance 😎
If so then the Fibo lines and Fractal dotted lines are the projected stops/targets/pivots.
Nevertheless the Shooting Star is subject to Technical Analysis fallacy and caution is strongly advised. Do not forget the unfolding of a move on Weekly takes weeks time & distance and the same goes for the confirmation or not of the suggestion to short gold.
Needless to say that in the less probable case the formation doesn't unfold and instead swallowed then flip side to ride the continuation rally which has shown us to persist for even more time & distance 😎
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.
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.