morningtomyum

Possible Consolidation to $1600

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is a follow up from my previous idea. I am definitely bullish on precious metals, but Gold has to calm down before it reaches newer highs. The Gold rally has hit the brakes in recent weeks and making some nice moves to where I think it will bounce on the 0.5 fib. Stay safe and happy speculating.
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