XAUUSD Last pull-back before a 2695 rebound

Gold (XAUUSD) is currently pulling back around the 4H MA50 (blue trend-line), as it failed to sustain a rebound following the December 18 Low. Despite this technical weakness, this seems to be (based on the previous November 25 - December 05 accumulation) the final bearish Leg before a rebound.

We are expecting at least a 0.786 Fibonacci test at 2695.

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TradingShot

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