Using Fibonacci Retracement
as my key indicator, you can see Gold
has respected 23.6 level since the major bearish
move last week. From also using the Stochastic
indicator, you can we are current sat at 50. I would like to see price retrace slightly to the 23.6 level before making a Bullish
move to the Golden Zone.
With a 1.66 Risk to Reward, a promising set up, lets hope gold
can recover some of last weeks losses.
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