So, I had to revisit my old drawings. Gold is currently trading at around 1770 which is Fib23 of Aug 2020 fall.
If you like risk and wanna live on the edges, 1770-1775 interval is a good entry point.
Second option is upperbound of descending channel of Aug 2020, currently at 1745.8
Third option is support line from Mar 2020, currently at 1725.6
If you are smart though you dont trade it and you wait until zigzag market and a clear trend form again.
Disclaimer:
This is not a trading advice, please do ypur own analysis.
If you like risk and wanna live on the edges, 1770-1775 interval is a good entry point.
Second option is upperbound of descending channel of Aug 2020, currently at 1745.8
Third option is support line from Mar 2020, currently at 1725.6
If you are smart though you dont trade it and you wait until zigzag market and a clear trend form again.
Disclaimer:
This is not a trading advice, please do ypur own analysis.