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GOLD W4 NOV 2020

GOLD W4 NOV 2020


Short Setup

From the yearly lows of $1451.10, GOLD hasn't tested the 0.382 fibonacci retracement . With the price recently broken off a bearish flag pattern on the smaller timeframe, price is expected to test the said level soon.
38.2%-50.0% retracement level would be a favourable level for buyers to step in.

from Trading Ideas
via gqrds

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