This pair has been moving in a channel with a 300 pip profit potential. I just caught the push up to the top and now I believe we are going to see a drop to the bottom.
Same again as yesterday going to keep a close eye on this one. I have seen some very mixed opinions on whether gold will shoot up or down. From what I’m looking at I can see a strong resistance to the 1950 level which is also the 0.5 level on the fibonacci. I personally am waiting for the next drop . If the drop does come the key support areas to look out for are...
After that big drop it seems to be retracing and resisting a good level on the Fibonacci and a previous support zone. What does everyone else think? I'm kinda new to the game any input would be appreciated.
