OANDA:XAUUSD   Gold Spot / U.S. Dollar
Our pitchfork diagram signals a potential short at 1710-1715.

Fibonacci Extension from our last impulse enables sight of a rejection of the 0.382 fib level and that hefty resitance recently created. ultimately, aligning with our pitchfork .

In terms of our retracement: we can expect levels of 1670(TP1). formulating a solid double bottom .
If this bottom is broken, we can expect our previous support to be tested at 1650.
SL= 1733 (0.618 FIB)

Any corrections, I will make sure to notify an update. follow for future trades in this wacky time. try to reflect on this time of immense circumstance. plenty of opportunity to provide ourself with the financial freedom we deserve.


Comments

Could I kindly ask you for an update on this please?
+1 Reply
I believe Gold is at the top of its bearish trend channel around 1690. I can still see 1635 being tested.
Reply
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