Weekly chart is not supporting the idea that GOLD will drop lower lower posiiton than 1280 soon.
So we are only expecting a fibo 618-786 correction from A to B, then probably will rally up again to test 1320 later.
Giving the condition that price of gold drop down beneath 1300 again, this is not a good time to join the buy position again .
Just need time to confirm a support valid on fibo 618-786.
Less is more!
So we are only expecting a fibo 618-786 correction from A to B, then probably will rally up again to test 1320 later.
Giving the condition that price of gold drop down beneath 1300 again, this is not a good time to join the buy position again .
Just need time to confirm a support valid on fibo 618-786.
Less is more!
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