Descending channel continuation
Gold is currently in a consolidation within a bearish rectangle which will see it continuing downwards.
This statement is further proved by the resistance of the 23.6 fibonacci level.
I would place a sell stop a few points below the rectangle with the first target at the next clear support.
Good luck and follow me for more.
This statement is further proved by the resistance of the 23.6 fibonacci level.
I would place a sell stop a few points below the rectangle with the first target at the next clear support.
Good luck and follow me for more.
Komen:
The descending channel is from a previous idea that I've linked
