Gold Daily Analysis 16-12-2021
Yesterday signal was Long when the price was around 1770. As expected the prices raised to 1774 and started to pull back. During the news by Fed the price fell initially to 1754 level and then pulled back to 1784 level.
Lets discuss the levels for today. Since the price rose 30 pts it has to pull back. Fib suggests the next levels are 1778 - 1772 - 1768. So we shall wait for the 4 hour candle to close and test these levels today.
Lets discuss the levels for today. Since the price rose 30 pts it has to pull back. Fib suggests the next levels are 1778 - 1772 - 1768. So we shall wait for the 4 hour candle to close and test these levels today.
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