GOLD looking like a nice retracement coming. RSI very oversold, reaching top of Weekly exhaustion zone. Looking to short top of supply zone down to 23.6% and possibly again on the re-test. Ultimate target would be 61.8% fib level in confluence with 200W MA. Weekly MA might be closer to 50% fib as this trade progresses. Gold is definitely exhausted though IMO and i will be looking for short entries. Good luck!
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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.