yung_alchemist

GOLD. SHORT. TECHNICAL POV

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
5
I believe we could be looking at another leg down for Gold after making consistent swings for a while now.

We have many technical confluences so lets see what happens.
- Trendline bounce
- Capped by 61.8% Fib level
- Stalling at resistance zone
- Formed a new Lower High

1040's Downside Target
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