Gold has been in a major uptrend creating higher highs. Once those higher highs were made price started consolidating and rejecting off of those highs down to the .236 level on the fib. We also have consolidation on each level of the fib on a micro time frame. Looking for price to retest a major level of structure and retrace to lower level of structure.
FibonacciMultiple Time Frame AnalysisSupport and Resistance

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