Gold remains undecisive Holds On a strong Trend-line

Nov 24, 2021

Gold is currently undecisive price is at a key level both bullish and bearish scenario applies. Price could respect the prolonged blue trendline and form sort of like a 1-2 1-2 sequence and makes a move to the upside I also like the fact that we are currently trading on a 78,6 Fibonacci retracement. The bearish scenario suggests that we are forming a 1-2-3-4-5 and we are trading at the 3rd wave phase and we need to wait for wave 4 to occur before selling.