2505 4HPLAN GOLD going to pull back from FIBO 382 ?
Hello traders,
GOLD is meeting a typical position fibo 382 of last downtrend swing. RSI DIV meaning some sellers are trying to open position here.
A small fibo 382 position could be a support for gold if it want to rise up again to next fibo position, like 618.
Otherwise, it could retest the bottom again on 4h chart.
So this plan on 4h chart is looking for a entry confirming signal later session totest bottom support levels.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
GOLD is meeting a typical position fibo 382 of last downtrend swing. RSI DIV meaning some sellers are trying to open position here.
A small fibo 382 position could be a support for gold if it want to rise up again to next fibo position, like 618.
Otherwise, it could retest the bottom again on 4h chart.
So this plan on 4h chart is looking for a entry confirming signal later session totest bottom support levels.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
