GOLD IS ON IMPORTANT LEVEL WITH MANY CLUES FOR GO LONG.
1. TRIANGLE SUPPORT 2. FIBONACCI 61.8% RETRACEMENT 3. PREVIOUS RESISTANCE BECOME SUPPORT
Comments
andberg
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Well, this is a possibility. But We just came from 20% gain since 90 days and the pressure is more on the downside (-10%). On your chart RSI is falling, with divergence with close double top. If I was long I may have SL at 0.618, actually I'm short.
smeetsTA
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You are right but double top target is done and now gold was in buying zone