In today’s analysis, we will utilise Joeli’s trade combination, which incorporates supply and demand zones, Fibonacci levels, and moving averages. This particular system has constantly proven highly effective, offering valuable insights and future critical-level projections.
Currently, Gold has experienced a rebound from the 61.8 Fibonacci level around 2826. If the price maintains its position above the 2898-2910 supply zone, which coincides with the 23.6 Fibonacci level, we could see further upward movement.
Potential trade targets are around the 38.2 and 61.8 Fibonacci levels.
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This unique tool aligns the supply and demand zones with major Fibonacci levels, accurately projecting future critical levels.
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[caption id=”attachment_16381″ align=”alignnone” width=”300″] Gold reversal in H4 t 28 06 2023 , 3 44 31 PM[/caption]