If you look closer on Gold on weekly time-frame you could see that this asset is very fixed in Fibonacci Grid. If you ask my opinion which Technical analysis method is preferable in Gold's moves analytics I would recommend Fibonacci although MAs and Harmonic patterns are also good with it.
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Looks good, isn't it?
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Some careful (!) try here to short till a C point is a reasonable in my opinion.
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The dangerous asset. A rigorous risk management is mandatory.