MountDaba

Going back down the way we came

Short
MountDaba Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Now that we have completed the cycle as posted in my previous idea, we should see some correction following the same fibonacci levels back down.
Don't forget, fundamentals could skew this idea back to the upside if the pandemic related issues dominate.
Trade closed: stop reached:
Unfortunately, the fundamentals were stronger than our technicals on this idea.
We will move onto the next opportunity
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