Projection of XAU until the end of the year

@ Ghaffar:

- … My question is, is it true that the projection until the end of year XAU will increase to 1900s?

Fibonacci levels and support / resistance cannot be used to predict price movement trends, only to know the estimated price level limits if it goes up or down. What can predict price movement trends are trend indicators such as moving average (MA), ADX, MACD, parabolic SAR, Bollinger Bands.

If from the price trend indicator it is indeed an uptrend, then the limits to what level the price will rise can be estimated by using Fibonacci expansion, not Fibonacci retracement.
Regarding Fibonacci expansion, please read: Using Fibonacci Expansion Levels.

- … Besides using fibo and sr, what other indicators are appropriate to use in combination with the two indicators?

If the intention is to know the price movement trend, as explained above, you can use trend indicators. Fibonacci and support / resistance are just tools to know the limits of price movement, not to know the price movement trend.

 

That’s wrong, Sir. It was made by the dealer brokers. It will definitely be directed to BUY. Whereas the trend is clearly down. Don’t blindly believe the analysis from social media. Just learn to read the trend at the D1 timeframe, Sir. Gold is about to collapse. If you have Gold, sell it now while the price is still good. Later, gold will immediately fall to 600-700 thousand per gram. USD is strong.