Fibonacci_Technician

GOLD, XAUUSD 3 Week Linear Technical Big Picture Overview

TVC:GOLD   CFDs on Gold (US$ / OZ)
From a purely technical perspective the longer term setup suggests a reversal is already in play. Lower indicators suggest a breakdown from strength in 2011 and has been backtesting the major 2013 breakdown from a position of weakness since. The bell has been rung, time to shimmy back down the rope.

φ Fibonacci Technician
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