Hello traders, for an update on this pair what we currently have is a market that has now broken the trend line of this ascending channel, while making the retest of the previous high. What we now want to see from this market before we can be looking for a short is for gold to make a retest of the trendline, previous support now turned resistance then we will be set up for the short opportunity with a better R:R. The 618 fib level is set up for TP1 also a support and resistance zone set for TP2, for a short term sell before more bullish movements.
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