Gold in its daily time frame has retraced from 0.5% fib level, potential ABCD pattern forming, don't really use ABCD on my charts but I thought id add it on.
This pair has been fighting for the 1200 level with but with last weeks strong bearish move I believe it could been broken.
It is also under the 200ema, in a bearish channel, and almost under the ichimoku cloud, even the around a cloud twist is needed.
First target - 1142
The other two red line's are potential D extension levels.
Will be volatile next week as there is a lot of US new.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.