Gold is overall is bearish by Higher Time frames. We are at a weekly resistance level which seems to be holding price below nicely also this level in-lines with fibbo level, price has already rejected the 50% level. We’ll monitor price action on this pair for a short opportunity.
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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.