XAU/USD (GOLD) Fibonacci retracement Target 1627

Gold (XAU/USD ) :


XAU/USD 4 HOUR Chart
XAU/USD 4 HOUR Chart 

Gold Swing High and low was 1689 and 1563. From the high Zig-Zag Correction was seen & 50% Fibonacci retracement of this correction is around 1627. Initially, price action around 1627 will decide double Zig-Zag correction or 5th wave upperside formation will continue.

Bulls may active above 1590 for the Target of 1601/1621/1627
Bears may active below 1581 for the Target of 1572/1563/1545

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