When hitting close to the area of big wave 3 fibo ext2.0, gold bounced up immediately.
Hopefully, you did not short it here, as chart shows strong 4H DIV appeared, which means seller taking their profit and buyer in.
We already long gold at 1244 and using the small wave( green arrow) and big wave 5 ( red arrow) fibo 382 to 618 to see if gold can make it there.
In the medium term, gold is STILL expected to drop down deeper to 1200.
Less is more!
Silver:17.3 fibo 618
Gold:1346, the close price of last lowest bar(1h)
now 26 dollars.
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