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Gold Spot / U.S. Dollar
Short

GOLD:LONG From Dynamic SUPPORT to Area 38.2/61.8% FIBO SELL

By FOREXN1
Updated
The GOLD After our previous Idea where we take a Very deep Take profit on the Bearish Flag, today the price tries to recover with a retracement to " Breath " after the strong Push Down. The GOLD is still inside a Bearish channel, under the major Moving averages but today, we can see the RSI and Stochastic in a situation of Oversold, both will try to recover by raising their value and this will reflect on the price going for sure. So we are Looking for a Pullback between the 38.2% Fibo and 61.8% to see again another push down in the direction of the main trend.
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✅ BEFORE ✅

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✅ GREAT TAKE PROFIT ✅

GOLD:SHORT Continuation From Bearish Flag Patter SELL
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✅ TODAY POSSIBLE RETRACEMENT ✅

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Technical IndicatorsTrend AnalysisXAUUSD
FOREXN1
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