The pattern, that we recognized about a week ago could give an indication for the bottom of the correction. The price keeps bouncing every time it touched the 61.8% Fibo.
From this information and a little bit confirmation, I took a long position in Gold @1283.50 with Stop Loss @1270.50.
If Gold prices can stay above $1280, the former Resistance will become support, which is good for our position.
Good luck and hopefully, we have a nice profit.
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Thanks and have a nice weekend!!