Friends according to my previous idea (elliot wave) in the weekly chart, we expect gold to fall here for two reasons
Trend line resistance and 161.8% Fibonacci (1972 to 1978)
Now we are at a critical juncture and gold has broken the resistance of my previous pitchfork (1960) and gold may want to experience a higher level where the targets are marked with a yellow line after than we'll have big drop
XAUUSD
Trend line resistance and 161.8% Fibonacci (1972 to 1978)
Now we are at a critical juncture and gold has broken the resistance of my previous pitchfork (1960) and gold may want to experience a higher level where the targets are marked with a yellow line after than we'll have big drop
XAUUSD