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JayanVarsani

GOLD - 61.8% FIBONACCI REJECTED TWICE | REVISIT TO THE 200DMA?

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CFDs em Ouro (US$ / OZ) (TVC:GOLD)  
JayanVarsani  
TVC:GOLD   CFDs em Ouro (US$ / OZ)
Trend Analysis Chart Patterns Technical Indicators dollar DXY USD Gold Forex Currencies Oil Silver fx
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trendanalysis chartpattern indicator dollar dxy usd gold forex currencies oil silver fx
  • Daily price action has failed to close above the 61.8% fibonacci level for the second time now
  • A double top of sort has formed at this level
  • Given this scenario, it may be likely that we may correct first before pushing back up to the next level
  • Correction target will be ~ $1825 due to its confluence with the 200DMA and 61.8% fibonacci retracement of the recent daily swing low and high
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