Gold price is on its retracement phase for the several days before it continuous going back down later this week. The price has already formed a Higher Low (HL) and MACD has already crossed and heading up as well.
But please noted that if the price breaches the 50% of Fibonacci at around 1674 and it remains above that level, then Gold price might be considered begins its uptrend and testing last week High at around 1715, and please check MACD whether it crosses the zero line or not.
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