Gold: picking two short-term scenarios
Short term bullish rebound scenario would be more likely on a break back above 1252.00 latest swing low and potential falling wedge, that could push for further upside to 1290.00 and probably 1306.00.
On the other hand, settling below the main descending support colored in pink and 0.786 retracmeent level may confirm a retest of 1208.00 and the the major swing low at 1183.00
On the other hand, settling below the main descending support colored in pink and 0.786 retracmeent level may confirm a retest of 1208.00 and the the major swing low at 1183.00
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