Make your own decision I choose to scalp it personally when it starts to retrace, or you can just place the trade and swing it. I believe that the continuous inflation on the US dollar is steadily going to drive gold and silver up. However, the recent retracement will likely vanish soon when another round of economic stimulus funding comes. Hope the trade goes well :-).
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Bounced Off Fibonacci. Monitor the Fibonacci lines
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Monitor closely around points 24-24.4
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If you want to trade gold using this anywise it would probably work I'm going to release XAUUSD analysis tomorrow.