Gold remains bearish on its 1D technical outlook (RSI = 42.975, MACD = -69.760, ADX = 28.423) as it maintains a long term bearish trend, while since July 3rd is on a short term Channel Down. As long as the 4H MA200 holds, the 0.618 Fibonacci should technically push the price towards the -0.236 Fib extension as the previous bearish wave did. Sell, TP = 3,950.
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