the gold reached the Fibonacci 786 area, rejected and climbed to the Fibonacci 618 ... and from here we expect a maximum correction to the 1824 area and a strong climb to 1847 and after ... 1875.
!!!!! my advice is not to play Gold until after the news on Wednesday, December 16th! if the stimulus to the population is approved and the vaccine is successful ... gold can go down by 1000 pips until Christmas!
NOTE: this pair may be influenced in the short term by any news about the vaccine or FOMC Economic Projections! GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL! we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
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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.