alibfx

Gold – Trading Tips

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

The bearish trend in Gold is still dominant over faded demand for haven assets. Gold is heading lower towards 50% Fibo retracement level of 1,482. The aggressive target on the lower side is 1,461, which is likely in a couple of days. Consider staying bearish below 1,504 and bullish above 1,487 to trade the choppy sessions today.

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