SHORT TERM ANALYSIS:
After a major rally from gold, we can expect Gold to reverse at this point. With RSI heavily in the oversold region, we can catch some pips shorting it.
LONG TERM ANALYSIS:
Gold can potentially go up higher following the retracement. However It may always run sideways after the retracement
Short @ 1073.55
Stop @ 1075.71
T/P @ 1069.77
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