Using Fibonacci Retracement as my key indicator, you can see Gold has respected 23.6 level since the major bearish move last week. From also using the Stochastic indicator, you can we are current sat at 50. I would like to see price retrace slightly to the 23.6 level before making a Bullish move to the Golden Zone.
With a 1.66 Risk to Reward, a promising set up, lets hope gold can recover some of last weeks losses.
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