Fibonacci goes on the line chart.. not candlesticks Short

GOLD (US$/OZ)TVC

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⋅ Dec 9, 2019 11:51 PM

when placing the fibonacci retracement tool on a recent monthly impulse we can see gold has rejected a strong reversal level 161.8 .. a short position is safe with target profit above 100, the neckline of the W formation.

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