This is a long opportunity on Gold, its daily bias is an uptrend, It retraces and respects a very important Fib level, and also enters a bullish order block. Multiple confirmations that Gold will rise to once it hits that level, and take out old highs in the process to come back to respect that Institutional Level.
Note
Headed down to respect first level nicely , wait on buy confirmation , use top down anaylsis, and look for entry on 15 minute once confirmation given.
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Disclaimer
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.