Gold made a nice pullback from the highs as
expected and we are now looking for reversal signs as this corrective A-B-C may
already be over. This corrective structure from the highs can be potentially
completing here at 1.260. If we start to move up in impulsive manner we should
reach a new high on this metal. As we know after every corrective pullback, a
new impulsive structure tends to start.
Source: Actionforex
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