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Gold (xau/usd) testing 50% fibo. retracement

Below is my technical analysis for Gold (xau/usd) on dec. 24 ,2018:
Gold rallied more than 50$ during the last month of trading. The precious metal is currently trading at 1267$ which is 50% retracment fibonnnaci area (the fall from 1350$ to 1160$).
This area might provide bears good reason to short Gold at current area (1267$)with target around 1235$ area.


Also , on RSI indicator , gold (xau/usd) is approaching over bought levels.
Feel free to share your ideas regarding gold in medium and short term period.
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