GOLD RETRACE BUT STILL BEARISH

Gold seems as if its retracing up after a drop during the night. WIll probably retrace up to one of the ema's then start another bearish wave. Looking at placing sell stops at either 10, 30 or 100 EMA, depending where a sell pattern is formed, with a SL at 1255.92 and TP at 1127.21

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