After completing an impulse and correction on the daily chart, I expect this pair to make another impulse and create a lower low. Considering that the pair is currently inside a resistance area with strong market structure and Fibonacci confluence, it is a good time to monitor price action development on lower time frames to find a good entry. A good swing target would be the 127.2% fib extension of the daily retracement.
It is very important to be patient and careful with gold, it can be mercilessly manipulated.
It is very important to be patient and careful with gold, it can be mercilessly manipulated.
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