“Oil - USOIL” At the last high reached by oil prices at 78.40 dollars per barrel, a 61.8% upward correction occurred according to the Fibonacci sequence, which is more than enough to start a downward impulse and was already by nearly a thousand pips, and the movement continued after that in a wobbly manner until a Trendline or upper wedge was formed for the...
I’ve posted an idea a few days ago for gold rally targeting the end of the price action up channel.. Gold reached out 2690.. then correction happened.. now it reached 2770 - 2780 After that its going to 2766 - 2760 Then we will buy to 2811
Eyes on 2636 - 2637.5 to target a new high .. its only about patience..
The Dollar Index is in a middle zone, neither up nor down can be acknowledged. However, the price movement in this area can be monitored to make the appropriate decision.