Helloandtrade

ABCD Fibonacci Bull Pattern

Long
TVC:GOLD   GOLD CFD's (US$ / OZ)
So we have a clear rejection on the 61.8 in the Fibonacci ratio i believe it will reciprocate to its next target which is the 1.618, We are still in a Bear market you can see the clear trend line i did draw however we did reject the 61.8 which is the golden ratio for more than 10+ hours so i have strong feeling the bull market will trend for us intill we get a touch on the trendline or maybe possibly a trend break following next week however i do think its safe trade to play off on the 61.8 and tp its reciprocate which is the 1.618.
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