🥇 Gold Beginning of Growth Correction 🥇

🥇 Gold Beginning of Growth Correction

🥇 Nearest strong support zone: around the fibo level 0.382 of the upward wave.

🥇 Nearest strong resistance zone: around the fibo level 0.236 of the upward wave.

🥇 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend

📊 RSI: Uptrend

🥇 Price action: gold found support at the fibo level of 0.382 of the entire upward wave. It looks like we are at the beginning of forming a strong upward correction of the current downward impulse. I expect in the coming weeks the continuation of growth without any major problems along the way

📈 The scenario I'm playing out is a continuation of the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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