SuperMonkey0

GOLD W4 NOV 2020

Short
SuperMonkey0 Aggiornato   
GOLD
Short Setup

From the yearly lows of $1451.10, GOLD hasn't tested the 0.382 fibonacci retracement. With the price recently broken off a bearish flag pattern on the smaller timeframe, price is expected to test the said level soon.
38.2%-50.0% retracement level would be a favourable level for buyers to step in.
Commento:
Price has broken the 38.2% level. We could anticipate more shorts to come if price decides to retrace back to the marked area, targeted areas would be the next level of 50.00%.
A strong close above the 38.2% would indicate a strong bullish bias, daily has also tested its 200 Daily EMA.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.