ForexTrendline

A pullback or reversal on GOLD?

FX_IDC:XAUUSD   Emas Semerta / Dolar A.S.
Yesterday we talked about a possible retracement on GOLD, and that is now a fact!

This is not a time for us to look for entries. We'd rather look for opportunities throughout next week.

This upside move could continue up to 1775, however we should be careful for possible drops in price.
Looking at the higher timeframes, there is still a higher probability for a downside continuation!

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