As anticipated, we are now back to the potential sell zone.
We will only sell if the current fundamentals driving the buying of Gold wanes. Else, we monitor price action and manage our risks accordingly.
My bias is short for now until price pushes through to the up side.
My previous idea showed the TP zone as well as the beginning of the sell Zone.
This idea shows a further breakdown of how i anticipate the movement will be based on fibonacci levels.
Again, the rate of selling might lead to a staring fall instead of the lower lows and lower high patterns shown.
Now that we have completed the cycle as posted in my previous idea, we should see some correction following the same fibonacci levels back down.
Don't forget, fundamentals could skew this idea back to the upside if the pandemic related issues dominate.