On the hourly chart,
gold continues to decline from the top of 1903 targeting the bottom of the
demand area 1854, and while we prefer more descending towards 1840-1820 to
strengthen buying positions, gold looks negative but it may not be heading to
the areas of stronger demand around 1820, so we prefer to start buying Gold
around the current levels 1863 with repurchase in case the decline continues
towards 1820
Trading stability
above 1854 with a return to targeting 61.8% Fibonacci 1872, it will return gold
to target 38.2% Fibonacci 1885, then 23.6% Fibonacci 1894
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