GOLD:Potential Discount Buying Opportunity at 61.8% Fibo Level

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Yesterday, gold created a double top on a short timeframe, and today it is attempting to regain some value. However, this could simply be a retest of the previous pattern before another downward movement. Our suggestion is to purchase the precious metal at a discounted price near the 61.8% Fibonacci level before experiencing a new long-term impulse in the direction of the primary trend.