funny, I don't pull fibs too much on gold yet pulled this exact one this morning and saw the bounce..
I will say I am fairly certain that 100% will not be hit.
price is back above channel line as of now...
I will say I am fairly certain that 100% will not be hit.
price is back above channel line as of now...
Dislikedi wouldnt consider it a new leg down, on the H4 price has been in some side ways action for over a week now, the 1637/24 demand area held today
my view now is waiting to see what price wants to do next either move back up to test the 50 fib at 1656 to see if it wants to act as resistance or try another crack at breaking that mature demand area at 1637/24, if the 50 fib dont cause any problems i expect another shot at mondays high at 1669 to see if it can break up to make a higher high and start to change the daily downward move we have been in...Ignored
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News