GOLD- Pullback

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Gold almost completed my first target price at 2.277$ last week Friday.
Before we could see another drop there should be a pullback first as the Friday decline was nearly 4%.

What are the possible targets for this pullback?

1. Fibonacci 23,6% at 2.310$ and the breakdown level at 2314$. (RED rectangles)
2. Fibonacci 38,2% at 2.325$ . (ORANGE)
3. Fibonacci 50% at 2.337$ or the weekly 10 SMA at 2.340$. (GREEN)

Weekly 10 SMA backtest:
ảnh chụp nhanh
Ghi chú
first goal achieved
ảnh chụp nhanh
Ghi chú
Probably it will be a 2-day-pullback.
Ghi chú
Breaking above the first target.
ảnh chụp nhanh
Ghi chú
And here is the tag of the upper trendline.
ảnh chụp nhanh
Ghi chú
ảnh chụp nhanh
ảnh chụp nhanh
Today -wednesday - the pullback will be over.
Between 2023-2025 you should close the hedges if you opened. The decline continues.
Ghi chú
And here is the tag of the FIBONACCI 50% and the weekly 10 SMA
ảnh chụp nhanh
Ghi chú
Weekly 10 SMA IS HERE:
ảnh chụp nhanh
Ghi chú
I’m short again.
Chart PatternsTechnical IndicatorsTrend Analysis

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