GOLD Speculative Sell - Correction Anticipation

12 Ara 2024

Don't forget to check my previous analysis. Afer gold edges up to 2,05% since break out from wide sideways range, finally it's close to resistance area in 2719-2722. Technically, i see classical resistance which it's a LH from D1 chart. It's a invalid seller to hold short position for a longer time. Seller must be exit from market if this level broke up. I also see fibonacci 1.618 in 2719-2722 and we know it's a strong fibbo level that can cause a correction movement. If this area become a strong resistance i anticipate to take a short position and use 2695-2705 as a profit target.

Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou

13 Ara 2024

İşlem kapandı: hedefe ulaştı

guyss. i will give you an update. current price level (2663.xx) still a correction movement. just see 2655.xx will be passed or not. cooling down tension in middle east push down GOLD price.