GOLD is currently testing the weekly structure resistance level.
It's approaching the kill zone, where we have major structure resistance and fibo extension levels of 161.80%.
The market created a divergence and price deceleration on the hourly chart.
We expect a pullback from this resistance level.
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It's approaching the kill zone, where we have major structure resistance and fibo extension levels of 161.80%.
The market created a divergence and price deceleration on the hourly chart.
We expect a pullback from this resistance level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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The market created divergence and resistance levels.
Price is overextended, meaning that price cannot keep going straight up parabolically.
We anticipate a bearish move, some pullback from resistance, and a 161.8% fibo extension level.