Fibonacci Retracement on Gold
XAUUSDFibonacci Retracement drawn on
XAUUSD indicates that bullish pattern is intact. This rally is expected to take correction around 2075; 150 dollars is yet to be seen.Bullish Points :
1. HHs and HLs continue
2. Cup formation
3. Triple Bottom formation
Bearish Points :
1. RSI may cool off forcing it to take correction; but HLs are observed in previous weeks
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