Gold has started to show a bearish price action on the strong area around $1,500
XAU/USD has reached into the pretty strong crossing area which consists of: 1. Parallel channel projection 2. Fibo Golden Ratio 625 3. The round number $1,500 4. Bearish candlestick pattern after the rejection on 4H 5. Different Fibo Extensions
It has some room to go higher but we should get a short-term correction downwards.
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