One thing about success there are going to be many struggles
An update of the technical analysis of the gold weekly chart.
I still see there are many indicators that indicate that gold (xauusd) prices are still on their way to upward, and there are no indications that gold prices are in a near to collapse.
In short term the gold prices are slightly declining because there is pressures from the buyers to bring it down to better price zones. This only will push the prices to rise to higher levels after the correction.. No more than what I can believe in the price now in zone of supply and demand zone.
Moreover, with help of the Fibonacci extension tool I can notice the price now is between the 50% and 61% as I call it the golden zone which is the buying zone the raw demand zone. no more than this!
lastly, the oval illustration that I have added is not a correct measure, but only to clarify that trading can delay in giving results and profits and not according to the expected or specified time.
"
DON’T LOSE YOUR SELF IN FEAR
DON’T LOSE YOUR SELF IN DOUBT
Dare yourself to be better
Dare yourself to be unique
"
Be Patient
XAUUSD
I still see there are many indicators that indicate that gold (xauusd) prices are still on their way to upward, and there are no indications that gold prices are in a near to collapse.
In short term the gold prices are slightly declining because there is pressures from the buyers to bring it down to better price zones. This only will push the prices to rise to higher levels after the correction.. No more than what I can believe in the price now in zone of supply and demand zone.
Moreover, with help of the Fibonacci extension tool I can notice the price now is between the 50% and 61% as I call it the golden zone which is the buying zone the raw demand zone. no more than this!
lastly, the oval illustration that I have added is not a correct measure, but only to clarify that trading can delay in giving results and profits and not according to the expected or specified time.
"
DON’T LOSE YOUR SELF IN FEAR
DON’T LOSE YOUR SELF IN DOUBT
Dare yourself to be better
Dare yourself to be unique
"
Be Patient
XAUUSD
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