Hi traders, price on gold droped sharply and give us sell impulse for possible continuation to the downside. I posted my forecast last week and said that i expect price on gold to push lower becouse price was moving in corrective waves inside some ascending channel and price made abc wave then droped. I expect price to push higher in correction now and retest possible points in fib ( i marked them) but most likely to happen is retesting 0.618 or even better 0.786 where price can retest trendline as well. We need correction before selling, price action is key. Be patient and good luck!
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