Gold will go down this year and it has high probability to go 1066.30 level. Trading analysis using FIB and Wave.

in #gold • 6 years ago (edited)

Currently gold in now 1320.300  

@Gold has two possibilities.   

It can go upper trendline or making little bit correction it will touch the upper trendline. 

At upper trendline there is also strong resistance level at #1388.05 In weekly chart @GOLD already retrace the #50% Fibonacci level.

From June 2014 to December 2017 there was a long dipper correction for @gold.

 In terms of wave in weekly chart, there is high probability to go downside in this market.In weekly chart it made 123wave pattern now it’s the time for fourth wave for deeper correction.



 Entry   around 1352.00  Exit will be the Fibonacci extension at 1.27% that is around 1066.70 level. 

I am trying to get attention @transisto @broncnutz @haejin for your upvote and comment.   

#science #math #steemit #steem
6 years ago in #gold by
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