After yesterday's TP, the plan is changing; we're turning bearish on GOLD!
- Here's my view on GOLD:
- We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend.
Fundamentally, we have a very strong dollar, and as you know, when the dollar rises, GOLD falls. However, we'll remain vigilant about the evolution of conflicts in the Middle East because they can heavily impact GOLD in case of escalating tensions!
So, stay cautious.
That's why I see GOLD rebounding in the zone and dropping!
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