GOLD Expectation

4 thg 7, 2023

XAUUSD Gold is swinging in a bullish channel on the 30-minute time frame.
Currently, the rate involved in the resistance of the middle level of the ascending channel is at $1928, and provided that the above mentioned resistance is not crossed and candled, this scenario will be strengthened that the rate will initially decrease to the support interval of the bottom of the channel between $1920-1922 and then maintain The mentioned support interval, it seems that the rate can increase in an upward rally to the resistance range of the channel ceiling at $1943, in which the following resistances determined based on Fibonacci levels will be seen one after the other:
1-Fibo resistance of 161.8% at 1930
2-Fibo resistance of 200% at 1935
3-Fibo resistance of 224% at 1938