on Monday morning Gold retrieved from Friday's hights along with sentiment as shown in to find support on the 100SMA at approx 1290 in the afternoon.
Retail Sales were up today but faild to uplift DXY above 97.40 turning short term sentiment for US dollar into (positive for Gold ).
AToW Gold is still supported by the 100SMA even if sentiment is below 50RSI. Today's move retraced approx 0.618 of last Friday's move (A to B). The bounce on the 100SMA may be the start of the 3rd wave going into forming the second shoulder of the potential into or just above the 250SMA coming down. (For the potential pattern please refer to my posts in the related ideas linked below). However, if 100SMA is breached next step would be 1285 and just a mirage. Be carefull. At midnight Fed Chair Powell speaks. Tomorrow CPI datas but mainly UK Parliament vote on Brexit deal.
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