Update on a short-term setup

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The 2 gold setups I posted on November and January followed through nicely with profits. Gold is still bearish bias but is currently at a strong support level and this poses a potential mini correction movement. Below are the previous ideas.

٢٥ فبراير ٢٠٢١

ملاحظة

Movement 1 and 2 followed perfectly with profits. Now, first wait for a clear upward movement or break below. Gold is still choppy and bearish, however the net positions still favor the bulls for now. Remember to apply your risk management.