Two scenario * First is te pull back at 0.5 fibo. Two quite strong support Should be nice reaction, look for oversold * Second, need to focus on resistance in red line, price will hit it and look for pin bar in the background area and body below Happy trading.
That's what happening. Stay short, wait for long.
Like you can see at the chart, Gold is going down, it is not the markdown yet but it looks like it will. Break two strong line. Regards, D