We expect further downside movement for GOLD after reluctantly deciding to break above the resistance by establishing south spike. Market price closing downward for the week.
Hence, we envisage more bearish pipping for the metal as well as hitting targets in sight.
Fibonacci price and pattern retracement along side the wave leg completion targets are shown in the chart below
NOTE: Price
predictions produced by FibonacciPrice&PatternTrader may be
affected by unforseen events like hurricane, earth quake, flood and
other natural disasters consequently changing price patterns already
predicted. Hence we advice strict adherence to money management
techniques.
HAPPY TRADING
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