GOLD has rejected sharply off the 0.618 Fibonacci retracement and looks to be on the next leg down. If in a zig-zag ABC correction then price may bottom in the $1500 area towards the end of year. If price has completed a wave 2 however then price could see $1000 again perhaps around end of 2023.
Trade active:
0.618 fractal on LTF also. Two 0.618 rejections on HTF and LTF and this now looks like a great short setup here also down to $1500 area. Will cover more down the road.
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