ForexCollege

Gold Retracement

ForexCollege Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Bearish reversal candlestick at a downtrend line, so I anticipate a consolidation or retracement. For a retracement I've plotted my Fibonacci levels and will pay close attention when the price starts intersecting or trading near my levels (support or resistance).

DISCLAIMER: I am not a financial advisor and anything that I say on these channels should not be seen as financial advice. I am only sharing my speculation and personal experience.
Comment:
Price respected the 38.2% Fibonacci level. A hesitation at down sloping trend line before the price continued higher.
Comment:
price reached the 2000 area.

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