Gold Rejections At Extreme Pessimism Can Cau Rally To It's Mean!

Long

Oro / Dollaro (OANDA:XAUUSD)

OANDA:XAUUSD Oro / Dollaro

supportandresistance economiccycle seasonality gold xauusd

With the rejections for 2 consecutive days, gold can rally up to its mean or above. Main trend is still bearish however and based on seasonality, March is usually bearish for gold. Watch out for short trades from the mean.

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