GOLD: Possible start of Retracement For a SHORT scenario.

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis Chart Patterns Technical Indicators XAUUSD Gold signals signal telegram telegramsignal signalservice Contains image

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GOLD reaches the 127.2% Fibonacci Extension from the last AB=CD Swing pattern and the price could have a reversal for a retracement.
Both Stochastic and MACD show divergence and also this can be a clue for a bearish scenario.

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