FIBONACCI RETRACEMENT and Fibonacci Expansionn

11 Nis 2020

This is Gold Index, as you can see that it have produced an impulsive retracement of ABC, from B to C according to fibonacci it have retraced in between 0.5(50%) and 0.382(38.2%) that gives us shallow retacement which signals an strong uptrend, therefore from C it will have to move up to 167.18 to make an complete impulsive retracement. Please this is an estimation as for now it's in Major resistance but if it breaks the resistance then we have a great opportunity to buy on Gold.. ... meaning Dollar will be falling as well.