Gold spot is very tricky at this point as it shows long opportunity at 50% and also a good short opportunity at 90% chance since Wave 3 has not reached Wave 1 level (zone respected). Should the price exceed 1480.00 we will consider going long, for now its a sell. According to fibonacci retracement rule our highest level at 15655.41 which subsequently gave us a good lower low position at 127.2 as our final take profit.
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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.