as we head towards 1700 resistance zone once again and the USD is showing strength I could possibly short the XAUSD from this level down im expecting a pull back to the Fibonacci levels on the higher time frames we have 61.8% at 1630 and the 71% just under 1620 if we do look on a daily chart we can see that the MA is floating around 1660 this will be the 1st level to break I think gold overall will push 2000-3000$ a ounce eventually but not right soon don't think the markets got the strength as of yet
PLEASE NOTE : this is not a investment idea or any investment guidance this is just technical analysis of the markets and my view
if you have any questions message me :)
PLEASE NOTE : this is not a investment idea or any investment guidance this is just technical analysis of the markets and my view
if you have any questions message me :)