Not good but not terrible either. Kind of sell-off but it can also be considered as a simple pull-back on the black triangle. 20MA is still supporting gold and so are the 50% of fibonacci.
If i was bearish, i would short sell gold when it throws back on 7ma. Stop loss if close above 7MA. Target would be 20MA
If a was bullish, i would buy gold in case it pulls back on 20MA. Stop loss if close below 20MA. Target is the upper side of the orange andrews pitchfork.
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