two and a half hours before the end of the week, gold has recorded an increase of 0.46% so far; And I mentioned a recommendation to buy yesterday at the price (1855; 1867) for a few days until reaching 1888 levels or price entering the selling area (0.23; 0.38 Fib levels)
good opportunity to buy now for next few days after the price tested the support level 1856.39, which is located near 0.61 Fibonacci levels and made a reversal
Now we can see the complete view of the channel in which gold has been moving since last August and the clear selling area is between the 0.23 and 0.38 levels of the Fibonacci retracement levels.
Gold is currently trading within a clear bearish channel since last August 7, with a clear sell-off between 0.23 and 0.38 Fibonacci retracements.