I believe gold has just completed a small 5 wave impulse as we wished for in the previous analysis. I am expecting a pullback to 50% or even 61.8% Fibonacci level (1785 and 1779) to prepare us for higher high. Currently there is still some room for the upside which we think a possible extension to 1816 before this setup happens. There is a higher risk to short this pullback therefore we will wait for some confirmation which will be updated below when we spotted it.
Trade active
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Gold showing sign of exhaustion in resistant zone, I will short with tight sl