Elliot_Myers
Long

Gold - Opportunity To Go Long

FX:XAUUSD   Gold/U.S. Dollar
Trend continuation.

Price can either move up right away or retrace before resuming upwards - We feel this trade is safer on a retracement into the yellow box at which point we will look for exhausted selling for a buy entry.

Given price is in a general down trend we acknowledge that at the 61.8% fib level it is time to seek a short position and close out long positions.

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