Gold yesterday sold down to the golden ratio of the impulse. After the rejection we expected a move up which is what we getting, we are in a good position for a potential high probability trade. Price action is being observed, this is only a trade idea. Use proper risk management, Happy trading. 
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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.