VasilyTrader

GOLD: Analysis of Daily Chart

Short
FX:XAUUSD   Gold Spot / U.S. Dollar

hey guys,

an interesting thing I have noticed on Gold.
after each and every bear impulse that we have recently seen,
pullback lasts until 618 retracement of an impulse leg.

how it can help us?
if the market continues following this rule,
we will see bearish continuation and new lower low.
with 1260 target level.

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