🥇Gold Will It Fall? 🥇

🥇Gold Will It Fall?

🥇 Nearest strong support zone: around the fibo 0.236 level of the wave from the bottom to the local peak.

🥇 Nearest strong resistance zone: around the recent peaks.

🥇 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend

🥇 Price action: after a strong breakout in recent days from an upward wedge, there has been a move to the vicinity of the $1860 levels Looking at the possibility of a falling star formation on the 1D candle, a continuation of the uptrend seems unlikely

🥇 The scenario that I play is to wait for the formation announcing the decline and join the movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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