lofihenny

gold fibonacci analysis on the recent drop

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
there was some bearish divergence that played out already, but I think we will see a bounce at the 618 retracement level, currently we're at the 618 resistance fan support level so its entirely possible we see a bounce right here, but if none of those support levels hold im sure we will be able to bounce off the strong equilateral triangle resistance at the bottom of the pattern.
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