Looking to short Gold after rejection of the resistance or 38.20% FIB level.
Note
Gold broke back above our resistance and turned into support making our analysis not eligible for short positions. The lesson learned would've been to consider other lower points for S&R.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.