OWLINGOLD

Possible GOLD trend reversal

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

We see a symmetrical triangle on the Weekly gold time frame. After the brake out we see a pullback to the triangle apex which is usually a major support level. This support level is also confirmed by 0.618 Fibonacci retracement level. The pullback can be potential second Elliot wave, which indicates that a third longer wave follows.
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