My outlook on GOLD for this week
Looking to short gold, price was in a somewhat of a consolidation zone if you look at the 4H timeframe. Price went to bounce off the 1676 resistance zone and shot down anticipating that it will go back to the 1620 support zone. Currently price was in a correction move, retesting the 0.618 Fibonacci retracement level, looking to go short after the breakout of that minor trendline.
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