the_sunship

Gold ready for it's next leg down

Short
the_sunship Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
200ma and trendline intersection is the logical target. Mid 1700s entirely possible. DXY rally will probably take everything down again.
Comment:
Retracement to the .618. Still looks corrective to me. Over 1936 and we're probably going much higher, but my feeling right now is this is a bull trap.

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