As XAUUSD Falls we can look to scale RE in via the long side.
This requires a larger fall from prev highs over 2000$ back to comfortable support. The current PA level you are falling to is early on the FIB scale and represents weak market sentiment.
We require a fall to more feasible levels because we are after value.
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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.