Fibonacci Harmonics. What now? XAU/USD 22/8/14
The description in the graph says it all. We are at a significant level, a broken support, but we got a pullback which pretty much supports the Idea for a reversal and a sequel towards older highs at 1345 and 1380.
If market manages to come lower than 1260 it might be a signal for more downside pressure towards older lows like 1240 and maybe 1180 at the end.
If market manages to come lower than 1260 it might be a signal for more downside pressure towards older lows like 1240 and maybe 1180 at the end.
