Fib channel shows current support and resistance trend lines. Price first rejected by Fib 0.618 line and rejected two times by Fib 0.5 line.
There are three possible scenarios technically and price going to 1500 levels more possible.
Monthly and 3 Months closings must be followed.
There are three possible scenarios technically and price going to 1500 levels more possible.
Monthly and 3 Months closings must be followed.
Commento:
Gold is in a manipulation phase. It will have a sharp fall to red fib support in the coming months. Monthly close below fibo line and no proper retest of red fib line strongly suggests this idea.
Commento:
I'm the one manipulated on this one :)