theforexdaddy

GOLD RETRACEMENT & CONTINUATION

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold as explained took out higher lows and followed the stream. Price is currently sitting on an important weekly key level at 1862.9 We are seeing some wicks rejecting that level with a tweezer bottom formation and will be expecting price to retrace before making the next potential leg.
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