Gann Box is an awesome tool to spot key resistance and support areas with Fibonacci levels. As you can see, Gold has been respecting 68.1%, 50%, 38.2% levels several times in previous weeks and months.
This time as well, after facing severe resistance under 1833 level, bears have taken gold down again and the key test once again lies at 1800 level. However, it from the technical charts, it looks that the next target level is 1767 which can be reached anytime during the next week. If you have not short the gold yet, probably you should wait for minor correction up north level at 1823-25 early next week.
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This time as well, after facing severe resistance under 1833 level, bears have taken gold down again and the key test once again lies at 1800 level. However, it from the technical charts, it looks that the next target level is 1767 which can be reached anytime during the next week. If you have not short the gold yet, probably you should wait for minor correction up north level at 1823-25 early next week.
If you like the idea, please like and comment.