As i marked my fibonacci starting and ending points, i believe this is the 1st correction wave, and the Gold was retracing its bearish correction wave to reach level 0.236 and form a strong BEARISH ENGULFING CANDLE on May close.
in my opinion showing a bearish engulfing candle on the 0.236 makes this a valid and strong resistance level that the Gold is retesting it before going down to levels that i will specify in the next idea on the weekly TF.
Finally, no one can guarantee you a 100% idea or signal to buy or sell. we analyze the market to get a high probability ideas and signals. and its your call to decide.
in my opinion showing a bearish engulfing candle on the 0.236 makes this a valid and strong resistance level that the Gold is retesting it before going down to levels that i will specify in the next idea on the weekly TF.
Finally, no one can guarantee you a 100% idea or signal to buy or sell. we analyze the market to get a high probability ideas and signals. and its your call to decide.
