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alexlqi

XAUUSD has rejected fib 0.5, going to test 0.38

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
alexlqi  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Fibonacci Support and Resistance
7
0
fibonacci supportandresistance
Seems like fib 0.5 retracement of preceding 5 wave bearish pulse has been tested and is ready to go back to 0.38 to start another pulse higher wave 2 of the downtrend. wait for confirmation near 0.38 retracement.
Alos, fib 0.5 is also a resistance
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