Gold returning back to 618
Gold has since sold off after its amazing rally, retracing past the 618..
Now you can see that gold is losing steam and may be heading back to our 618 fib at 1883,
I expect the dollar to squeeze a bit in the process.
Using a weekly chart to show the structure here and how the fib levels show the clear
psychological decisions from investors.
Also, volume profile shows where the most trading took place, exactly where buyers lost steam..
Not expecting a big fall, just a return to support, (fib @ 1883).
Happy trading.
Now you can see that gold is losing steam and may be heading back to our 618 fib at 1883,
I expect the dollar to squeeze a bit in the process.
Using a weekly chart to show the structure here and how the fib levels show the clear
psychological decisions from investors.
Also, volume profile shows where the most trading took place, exactly where buyers lost steam..
Not expecting a big fall, just a return to support, (fib @ 1883).
Happy trading.
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