CommyTrades

Possible short on Gold at 1689 level

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has made a nice push to the upside recently and is approaching the previous high made earlier this year. Taking a fib on the recent pullback puts the golden ratio 0.618 at 1689, in line with a previous high on the daily and resistance level. Will be monitoring for an entry if or when price reaches this area
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