Hi All,
Gold is going very well but i believe this week we will have a correction.
Because on daily chart, blue impulse line's 1.618 expansion and impulse-correction's 1.272 extension shows the same area which is also a fractal resistance area.
That's why i believe there will be a correction but not so much because i could not see a divergence in RSI. That's why i expect the price to go to 1812 or 1800 area an after new impulse to the new highs.
this is not a financial advice, take your own risk during investment decisions.
Gold is going very well but i believe this week we will have a correction.
Because on daily chart, blue impulse line's 1.618 expansion and impulse-correction's 1.272 extension shows the same area which is also a fractal resistance area.
That's why i believe there will be a correction but not so much because i could not see a divergence in RSI. That's why i expect the price to go to 1812 or 1800 area an after new impulse to the new highs.
this is not a financial advice, take your own risk during investment decisions.