Hello traders . What do you think for gold ?
As we can see , the gold metal is in distribution stage . That’s why the price is playing up and down from 200 EMA . Keep in mind that is moving in very high area above resistance level . On the uptrend canal seems that the price will decline down .
I truly believe the price fall up to a specific level of 0,618 of Fibonacci .
If this post was helpful , please share your comments and like . Thank you .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.