I have my fib levels on the chart drawn according to the Overall weekly bullish trend. Now I also have a potential downward channel drawn using the two previous daily highs and inside it, a 4h upward channel which as you can see has been broken through.
Without any overexaggerated fundamental drivers I would be looking forward to seeing gold end up at the 50% Fib level in maybe a week's time. Also, I have the blue zone enclosing a supply/demand zone incase of pullbacks for a continuation.
Without any overexaggerated fundamental drivers I would be looking forward to seeing gold end up at the 50% Fib level in maybe a week's time. Also, I have the blue zone enclosing a supply/demand zone incase of pullbacks for a continuation.
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