Gold looks like on bull momentum, but if we see the deeper the price could be on it's way to form AB=CD bearish pattern.
Furthermore, there's a supply zone at 1955 - 1972 that hasn't been tested before.
If AB=CD confirm, price will fall with the same length as the CD rally.
If we expect it will fall at 1.618 Fibonacci, price might retest 1920 again in the future
Good luck!
Furthermore, there's a supply zone at 1955 - 1972 that hasn't been tested before.
If AB=CD confirm, price will fall with the same length as the CD rally.
If we expect it will fall at 1.618 Fibonacci, price might retest 1920 again in the future
Good luck!
