Xau is expected to make a buy pullback after a SHORT yesterday through to the 2290's GOLD would be going on a bullish hedge as we anticipate a turnaround for a continued short at the indicated reaction zones- R1, R2 and R3 Based on the analysis, the expected zone of turnaround is R2 just as indicated by the lowering arrow or we could have an uptrust ..
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Analysis still stands as we anticipate the complete hedge movement please note that retracements would occur- for every reaction zone R1, R2 and R3, Partial TP's should be taken