REVISITING FORECAST FOR XAUUSD
There can be 2 scenario for the movement of gold depending on kicks from the virus or the bottoming USOIL. Scenario 1 can see the continuation of the climb up to 1700 before a correction. Scenario 2 can see the bounce atearly Fibo retracement and an extension to 127.2% back to the previous bearish marubozu. Possible a strong impuse move downwards afterwards.
Trade closed: target reached
You guys make money? I hope you did.
Disclaimer
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.
Disclaimer
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.