GOLD M15
The 1:1 (Purple) has attracted some buying interest, but the market is looking heavy intraday and there are likely a number of stops sitting just below 1224.50. If a solid close is seen below the 1:1 (Purple) selling intraday rallies will be the best play going forward as the 1238.00 high is likely a medium term top.
* A 1:1 refers to a current correction being equal in length to a prior correction
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