High Risk Trade
I believe it's really hard to tell, if we going down to the 50% on the Fib or buyers are wanting the price at the 75%. If we look at previous market structure, when gold was in a down trend it pulled back to the 75% on the Fib and went down, here it may be the opposite. We have pulled back and corrected to the 75% zone on the Fib, I personally am taking this trade and I am already in this trade with a very tight stop loss. I still believe the trend is up, as well as generally when the stocks in America drop, gold will push up. Same as when gold is entering a recession it may drop slightly but retain value.
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