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TheMacroPlaybook
Nov 20, 2019 11:40 PM

GOLD TO CORRECT SHORT TERM Short

GOLD (US$/OZ)TVC

Description

No Gold related trades until price reacts around the 23.6 Fib level on the weekly.

Short term Bearish because:
1. Price has closed below R3 Pivot on the Weekly printed to the 6th of Jan
2. Price has 21 MA as resistance on the Weekly
3. Bearish retest of descending triangle in play on the Daily
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