Gold is looking to be rejecting the $1650 resistance zone now with multiple 4hr rejection candles forming. This is a lower high forming and there is potential for price to fall back down to the next support zone at $1580.
If that zone is broken then a lower low could be made which I have the -0.27 fib extension level drawn to show. This could be a good target profit 2 if price action shows the support zone breaking.
If that zone is broken then a lower low could be made which I have the -0.27 fib extension level drawn to show. This could be a good target profit 2 if price action shows the support zone breaking.
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