As the chart pattern, it told that gold make a new high support zone as arround 16xx-17xx, so we can have a long term up trend scenario that gold would test the highest resistance zone once again for making a new peak ever.
As a Fibonacci give our a good zone arround 2200 usd/ ounce
This is a long term investments so you may have a stop loss around 1660 because it is a dangerous zone! Price will move very significantly down!
Warning: I am not take any responsibility of your lose if you are using my trading strategy. So take care yourself about your margin and decide a good volume for an invest
As a Fibonacci give our a good zone arround 2200 usd/ ounce
This is a long term investments so you may have a stop loss around 1660 because it is a dangerous zone! Price will move very significantly down!
Warning: I am not take any responsibility of your lose if you are using my trading strategy. So take care yourself about your margin and decide a good volume for an invest
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Movement very very impressive!
