Hello fellow traders,
Today our focus is on GOLD.
After the downfall of the GOLD in the beginning of the week, we now can see a small upward correction. That correction is about to end today, as we are seeing a strong signal based on my Alligator SECRET strategy.
Currently we are in the selling zone according to the strategy. The price finds resistance on the Alligator's teeth. I expect the price to drop around level 0.382 from Fibo's extention and to reach 2288.
After that I expect the price to drop to the second level of Fibo's extention(0.618).
The price there is 2256.
The resistance and support areas are as follows:
Resistance level is 2.330
Support level is 2.288, 2.256
Today our focus is on GOLD.
After the downfall of the GOLD in the beginning of the week, we now can see a small upward correction. That correction is about to end today, as we are seeing a strong signal based on my Alligator SECRET strategy.
Currently we are in the selling zone according to the strategy. The price finds resistance on the Alligator's teeth. I expect the price to drop around level 0.382 from Fibo's extention and to reach 2288.
After that I expect the price to drop to the second level of Fibo's extention(0.618).
The price there is 2256.
The resistance and support areas are as follows:
Resistance level is 2.330
Support level is 2.288, 2.256