XAUUSD
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Hello Traders! đź‘‹
What are your thoughts on GOLD?
After a bullish move and the break of the ascending trendline, gold has entered a corrective phase. Currently, the price is below a key resistance level, which coincides with the 78.6% Fibonacci retracement level. This area acts as a strong resistance and could hinder further upward movement.
It is expected that the price will react to this resistance level and enter a downward movement.
If the mentioned resistance is decisively broken, the bearish scenario will lose its validity, and the likelihood of continued upward movement will increase.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
After a bullish move and the break of the ascending trendline, gold has entered a corrective phase. Currently, the price is below a key resistance level, which coincides with the 78.6% Fibonacci retracement level. This area acts as a strong resistance and could hinder further upward movement.
It is expected that the price will react to this resistance level and enter a downward movement.
If the mentioned resistance is decisively broken, the bearish scenario will lose its validity, and the likelihood of continued upward movement will increase.
Don’t forget to like and share your thoughts in the comments! ❤️
Pesanan dibatalkan
It was canceled because it was far away from the entry point
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