금 (US$ / OZ) CFDs

Fibonacci on Gold/USD + Predictment

145
As the trend is being confirmed, the price for GOLD/USD will face strong resistance around 2020-2030.

This is confirmed by:

1 - Strong support on the past, now a resistance, located around 2025

2 - Fibonacci levels on the down trend channel, indicating another target around 2026. (I performed an analysis on this one yesterday)

3 - Fibonacci levels on todays low, projected on its first clear correction after the up trend is confirmed, giving a target of 2020.

And considering all of that, this means:

nothing.

Joking. haha.
If we see a good increase on the volume we might break the resistances around this levels. If not, the price should reach the 2020 anyway, but not surpassing 2030, forming a new consolidation area.


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