DeGRAM | GOLD fibo cluster zone at resistance level
GOLD bounced off the support level, with the lower border of the channel going up.
The market created a kill zone: a bearish harmonic pattern at resistance, dynamic resistance, and fibo cluster.
We expect a bearish move from the level where price dopped.
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The market created a kill zone: a bearish harmonic pattern at resistance, dynamic resistance, and fibo cluster.
We expect a bearish move from the level where price dopped.
-------------------
Share your opinion in the comments, and support the idea with a like. Thanks for your support!
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The market broke and closed below the support level, which became a resistance that was respected before.
The market dropped from the resistance and 50% fibo level.
If the resistance level rejects the price, then we can look for selling opportunities.