Gold need retrace deep next week if...
Thursday impacted by FOMC.
It's the breaking the new records @usd2222.
However It's appeared long wick doji candle at daily time frame.
It's told the long term will be paused.
Friday still under usd2185 running,closed at usd2165.
RSI indicated divergent at daily time frame.
If the price still drop down below the usd2147.
The double top was cfmed. It's neckline @usd2147.
Therefore the donwtrend will be opened up.
usd1984 to usd2195 there's no retracement involved.
So many long term buying orders in there period.
All long term orders need kill then turn back long term.
Fibo from usd2222 to usd1984
0.50 1st target usd2103
0.681 2nd target usd2075
It's need patient to waiting for all target.
Tks.
It's the breaking the new records @usd2222.
However It's appeared long wick doji candle at daily time frame.
It's told the long term will be paused.
Friday still under usd2185 running,closed at usd2165.
RSI indicated divergent at daily time frame.
If the price still drop down below the usd2147.
The double top was cfmed. It's neckline @usd2147.
Therefore the donwtrend will be opened up.
usd1984 to usd2195 there's no retracement involved.
So many long term buying orders in there period.
All long term orders need kill then turn back long term.
Fibo from usd2222 to usd1984
0.50 1st target usd2103
0.681 2nd target usd2075
It's need patient to waiting for all target.
Tks.