GOLD had a nice spike low last week and is looking to move higher. On the close Friday we completed the 3 Drive and also a nice Gartley pattern into the 61.8% area where we a re expecting a bounce especially if this is going to be bullish. We need to stay above 1920 on the short term for this to be bullish, any drop 1900 would see a possible move a lot lower. AI has the GOLD trending higher for the day and we have just retraced into the 50-61.8% area from Fridays low and todays high.
I hope this helps. Enjoy the day!! 👍👍
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Targets if we can hold these lows.
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We might get one more low before the rally. Below this area and we could be looking at lower prices again..