XAUUSD Sell
From a technical standpoint, I believe we are in for a long ride down on gold.
This play takes us only to 2,386, but I believe we will end up around 2,150.
On the daily we have a shallow fib retracement of less than 23.6 with a stall out and weekly resistance that formed. I anticipate price to travel back to at least the daily 38.2 with potential for a deeper retracement before we can look at next potential move.
This play takes us only to 2,386, but I believe we will end up around 2,150.
On the daily we have a shallow fib retracement of less than 23.6 with a stall out and weekly resistance that formed. I anticipate price to travel back to at least the daily 38.2 with potential for a deeper retracement before we can look at next potential move.
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