Gold (XAU/USD) is testing the 50% Fibonacci retracement level of a wave 4. A bearish bounce could confirm the wave 4 and indicate a bearish breakout as part of a wave 5. A bullish break above the 50% Fib and round level at $1250 however could indicate a bullish break back to the previous top. Check out our education & research page at ECS.



Check out the video for the full analysis and trade plans on November 2018:

EUR/USD, GBP/USD technical analysis

Review of patterns, trends, key S&R levels

Explanation of potential trade ideas both up and down

Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,

Chris Svorcik

Elite CurrenSea

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