So this trade we are looking Bias in the bullish direction as we are coming off the 200 moving average on higher time frames and a daily retracement level/weekly for XAUUSD. RIght now I decided to draw on the most basic ABCD Fibonacci Strategy to help people understand how it is used. We wait for the price to move to our golden retracement zone then break the zone towards our -27 extension level. IF price decides to break the golden box which it shouldnt price would then trend down. Very Bullish this week lets see how things go.
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