Gold long term view =upper target is 2400$ , downer target 1520$
i draw this chart according big banks , big funds analyse
40% possible = break low can start new down trend to red fibo 50% or fibo 61% (find red fibo in left side)
60% possible = break red trendline is 1st alert to start big + up trend , gold frist will try touch green fibo 61% near 1920 , if can break it , it is 2nd signal
advice = be careful from sell , looking for buy in deep (after OK verfy comes) and hold it min 3 day to new high (SL = day low or 4hour chart last low)
note = buystop on new high possible near 1795 ,but very very low size
FOR BETTER VIEW , OPEN MY ANALYSE ON CHROME (DESKTOP VIEW)
40% possible = break low can start new down trend to red fibo 50% or fibo 61% (find red fibo in left side)
60% possible = break red trendline is 1st alert to start big + up trend , gold frist will try touch green fibo 61% near 1920 , if can break it , it is 2nd signal
advice = be careful from sell , looking for buy in deep (after OK verfy comes) and hold it min 3 day to new high (SL = day low or 4hour chart last low)
note = buystop on new high possible near 1795 ,but very very low size
FOR BETTER VIEW , OPEN MY ANALYSE ON CHROME (DESKTOP VIEW)