Gold price is currently sitting at a crossing point on the 50% Fibonacci line and resting upon the 1D long-term trend line. This is the deciding point whether XAUUSD will go bullish or continue it's naturally bearish move to 1275.00 region.
Trade active
Bearish price action confirmed. Waiting for pull back for a good entry point.
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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.