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UnknownUnicorn705200
Mar 7, 2021 3:03 PM

Gold coming up to 3rd Fibonacci bounce Long

Gold/U.S. DollarFXCM

Description

Simple fractal moves down. Each Fibonacci reracement level since 2.06k we have seen a significant bounce to test bear movement down and continue retracement (12345)

I expect to see a similar move now we are sat at the 0.618 retracement level.

Check comments for updates, daily seeing a possible swing low forming right on the 0.618 line which could confirm move up, tuesdays close will be the candle to confirm swing low. expecting atleast a move to 1788 if confirmed to test a breakout at top of channel.

Just a Salmon

Ideas are not gospel

Comment



Waiting for swing low to be formed to confirm bottom of wave 5 at 0.618 fibonacci level. wait and see Tuesday close!
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