lucasAT

Gold downside to continue after pullback

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold finished last week with a very strong bearish move to the downside, driving below the previous significant higher low point. This move is inversely correlated to the surge in the stock market and US treasury yields. I will be looking for a pullback in this instrument to a 50/61.8% fib level for a continued short to the downside.

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