Based off of our 3 confluences:
1. The Raff channel is clearly pointing down as price is continuing to go down on Gold currently.
2. Based off of pivot points, we are at a great entry level for next week's market open to take it down to 1748.76 for that week or the following week.
3. As seen on the Fibonacci drawn, price is right by the 50.0 fib level for a good entry to take it down to our take profit levels marked here.
1. The Raff channel is clearly pointing down as price is continuing to go down on Gold currently.
2. Based off of pivot points, we are at a great entry level for next week's market open to take it down to 1748.76 for that week or the following week.
3. As seen on the Fibonacci drawn, price is right by the 50.0 fib level for a good entry to take it down to our take profit levels marked here.