Hi traders, i expect one more drop on gold to complete that buy flag pattern, i expect price to drop to around 1760 and retest fib lvl 0.786 then i will watch for buys which can be realy profitable trade. But first i want to see one more high in that 1h flag for sell and posibble retest of trendline (i will update lower tf below) Anyway be careful market is moving kinda crazy those days. Good luck to everyone, lets finnish this crazy 2020 year in style :D
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Thats 1h analysis, i expect one more high and possible retest of that trendline before price will drop to our fib lvl 0.786 (1760)
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As you can see gold already droped sharply, i personaly didt trade it becouse correction wasnt looking like finnished, but still i will watch it as i already told you around 1760 for possible reverse