Pip_Artist

Weekly Outlook - Over-performance or ABC correction?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Even though there could be further upside on the Gold this week (a possible pump to 1800), it's hit all the Fibonacci numbers and it is a healthy way into a Monthly Supply zone (blue shaded area) so an ABC down could be on the cards. (See diagram)

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