T-800_CyberdyneSys_Model-101

T-800_CyberdyneSys_Model-101

So looking at the Fibonacci, we can see the support and resistance zones that we are trending between right now. There isn't much news coming up right now but next week there will be more - like unemployment claims and fed chair Powell speech. It would make sense that the price consolidates between 2600-2666 and then we eventually drop down to 2560 next week...

T-800_CyberdyneSys_Model-101

This is my first "Idea", so its more of a trial run of posting an idea. Basically, we've been climbing up the red trendline, and if the gold price can continue to do so, it will break resistance (of the ATH), and then climb for a new one. However, if the price closes below the trendline, we're likely to see a correction of some kind to the downside. But lets see.