By my analyst before, im predict the gold bearish to 1786 and still suffer till now. from the daily tf chart gold is experiencing correction for now if it doesn't break the strong support below. Currently, the correction that has occurred has touched Fibonacci at 0.618 which is at the price of 1691. based on my analysis gold will continue to fall to 1624 (Tp2) and for tp1 it is at the price of 1673. I took tp2 at Fibonacci 1.618 which is where there are 2 Fibonacci who gets the prize. because big Fibonacci has touched 0.618, I play it safe and take optimal and definite analysis results with small risks. for Sl can take at 1766 to avoid false breaks. if the price continues to rise, you re-analyze it to cut and buy or buy.
Comment:
31 march gold just hit TP1 1678 and making correction until now. if the correction hit 1755 and continue the bearish, im sure he will hit tp2. if not there is a chance that the gold will make a side way, you can scalp here between upper bound and lower bound.
Trade closed manually
