Gold finds strong resistance ~1288 (1.618ext+2.618FiboChannel).

Breaking this area may pull gold toward ~1302 (2.272ext of last downward wave + cross Fibo Channels) during monday/tuesday sessions.

Otherwise gold will pullback toward 1275-1265 area till the end of next week.

Pivot time: 08/11 NY session.

Trade responsibly.
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