According to my previous long term analisis:
I assume gold is develong a long term ending diagonal, a 3-3-3-3-3 structure with internal ABC patterns.
The price now is about to break this level o may be we can have some rebound.
So, I will trade the last zigzag putting a sell stop order below the (A) level.
Targets are 1.27 and 1.61 fib projections.
Best regards
I assume gold is develong a long term ending diagonal, a 3-3-3-3-3 structure with internal ABC patterns.
The price now is about to break this level o may be we can have some rebound.
So, I will trade the last zigzag putting a sell stop order below the (A) level.
Targets are 1.27 and 1.61 fib projections.
Best regards