Will it go down? Thoughts on it? (Newbie here)

9 בדצמ׳ 2020

Hi guys, I was trying to make an analysis on Gold on a weekle timeframe, I think it might go up since the trend is not going up anymore, I am not aware if the price of gold was fairly overvalued before and thats why is doing a correction at the moment. Any thoughts or improvements? Any prediction about the direction of gold? I believe theres going to be a correction and it might lower up to 0.61 on the FIB retracement. I couldnt find any pattern (Still learning them). Comment what you guys think. Ty

9 בדצמ׳ 2020

הערה

I accidentaly moved the fib retracement a bit. lower, sorry about that.