Preferred case: Prices have consolidated in a parallel channel . We see the potential for a short pullback from our Pivot at 1943.9 in line with 78.6% Fibonacci extension towards our 1st support at 1912.2 in line with 61.8% Fibonacci Retracement . Our bearish bias is further supported RSI being at levels where dips previously occurred.
Alternative scenario: If prices were to continue its rally, they can potentially rise towards our 1st resistance at 1963.4 which is a new swing high and also in line with 100% Fibonacci extension .
Fundamentals: Russo-Ukraine tensions seemed to escalate with the latest invasions from Russia, the precious metal rally will seemingly continue. As the TA and FA are in conflict, we prefer to remain on the sidelines.
Alternative scenario: If prices were to continue its rally, they can potentially rise towards our 1st resistance at 1963.4 which is a new swing high and also in line with 100% Fibonacci extension .
Fundamentals: Russo-Ukraine tensions seemed to escalate with the latest invasions from Russia, the precious metal rally will seemingly continue. As the TA and FA are in conflict, we prefer to remain on the sidelines.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。