Gold Price Forecast: The only way is up amid Russia-Ukraine war – Confluence Detector Gold Commodities Confluences Ukraine NFP
shows that gold price is looking for acceptance above the previous year’s high of $1,961 during its latest leg up.
Deeper declines will expose the intersection of the Fibonacci 38.2% one-day and SMA10 four-hour at $1,933.The TCD is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. If you are a short-term trader, you will find entry points for counter-trend strategies and hunt a few points at a time.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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