Hi GOLD traders, it really noticeable that XAUUSD engulfed the previous 5 months and still going down this month.
So, we can definitely say, it's a massive trend-changing move. As you can see my Fibonacci retracement points, have passed 61.8, 50 & 38 levels as well, and now target to reach the 0 level.
It looks like, GOLD might touch at least around 1830.00 before any major pullback.
So, I'm strongly bearish on GOLD until it reaches 1830.00.
Thank you
So, we can definitely say, it's a massive trend-changing move. As you can see my Fibonacci retracement points, have passed 61.8, 50 & 38 levels as well, and now target to reach the 0 level.
It looks like, GOLD might touch at least around 1830.00 before any major pullback.
So, I'm strongly bearish on GOLD until it reaches 1830.00.
Thank you