GOLD Trendlines

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It seems to me that GOLD is unable to break the Daily 200SMA (not shown above) and it's losing it's Bull momentum. It's gonna take a break probably to the recently broken Daily descending trendline which confluent with 61.8% Fibonacci retracement level before continuing the rally.

注释
Correction : *Weekly 200SMA
注释
I'm currently looking at 1199.70 for Potential reversal zone.
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Hit Daily Descending Trendline and bounce.
FibonacciTrend Lines

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