Gold Expected to be bullish this week

Based on the Fibonacci and Fibonacci extension analysis, it appears that the gold market has reached its maximum downside elasticity, particularly in light of the news from the previous week. The RSI and Stochastics indicators also suggest an oversold market. Moreover, the fundamentals for gold are bullish.
Chart PatternsFundamental AnalysisgoldbullishsetupgoldlongTechnical Indicatorsxauusdanalysisxauusdlong

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