Support on Fib Level with Bullish Engulfing Candle
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The gold seems to have found support on 0.618 fib level. The bullish engulfing also gives us confirmation. Besides we have a lot of weak data coming from USA so the chances are that it it will continue to make another HH with Bullish impulsive wave.
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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.