Gold to retrace to 1300 area
Gold topped out with a double top consisting of two very ugly bearish doji candles on the monthly charts.
Additionally, monthly RSI is showing bearish divergence in oversold territories.
Retrace to the .5 or .618 fibs (1378 USD, 1300 USD) coinciding with horizontal support.
Additionally, monthly RSI is showing bearish divergence in oversold territories.
Retrace to the .5 or .618 fibs (1378 USD, 1300 USD) coinciding with horizontal support.
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