backtowork

GOLD FRACTAL FROM 10Y AGO

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD has a big change to repeat the fractal it had 10 years ago when it made a new all-time high followed by a big correction move.
It can take a few monts ofcourse but the long term bias is very bearish.

About this trade:
4H supply zone
Imbalances on the 1min that need to get mitigated
Fib 61.8%
Possible 3rd touch trendline
Strucuture level retest
Price expected to move towards strong demand zone 1730

Entry: 1781
SL: 1785
TP: 1727
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