Hello. A retest back at the Daily Supply Zone and another rejection and Sell Opportunity for gold.
Analysis :
- The resistance zone @1300.000 - 1305.000 appeared to be a high pressuring area for sellers.
- Prices are likely to dip back at the support levels of the weekly and monthly chart ( 38.2% retracement of the Fibonacci levels).
- The mid-term target is around 1275.000.
Feel free to comment!
Analysis :
- The resistance zone @1300.000 - 1305.000 appeared to be a high pressuring area for sellers.
- Prices are likely to dip back at the support levels of the weekly and monthly chart ( 38.2% retracement of the Fibonacci levels).
- The mid-term target is around 1275.000.
Feel free to comment!