hello traders this is a scenario that i expect for next week for gold keep an eye on fundamentals like fomc coming up.
the yellow zones are my areas of interest they are also actually fibbonacci levels the market seems to be respecting them so i am using them i also identified a minor up trend and a downtrend from when the price reached the 2000s.
if the price breaks the the yellow zone which serves as a Support + Fib level + Neckline of head and shoulder and also breaks the trendline i believe we will see gold back to the 1960s
the yellow zones are my areas of interest they are also actually fibbonacci levels the market seems to be respecting them so i am using them i also identified a minor up trend and a downtrend from when the price reached the 2000s.
if the price breaks the the yellow zone which serves as a Support + Fib level + Neckline of head and shoulder and also breaks the trendline i believe we will see gold back to the 1960s
