XAU/USD showing signs for long
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As we could see gold topped 1982 making new high and trading between 1916-1676. RSI is also trading above 50 thus there are equal chances of testing the high again. we can also see as per ABC correction it has reached 0.382 of fib retracement. Im looking for a long position as the weekly chart shows buying pressure finishing the previous week in green and the volume is also decreasing.
Note
thats how it moves. target done. enjoy you day. currently its in sell zone. lets wait for next move.
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