GOLD: Maybe That’s Enough for Today?

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GOLD: Maybe That’s Enough for Today?GOLD / U.S. DOLLARFX_IDC:XAUUSDjosselianiGold has reached the lower Magic Diagonal, an area where price often gives a strong reaction. Momentum may briefly push below it, but I do not expect a deep continuation of the sell-off. My main scenario is a reversal, but I will wait for a confirmed reversal formation before considering longs. A sustained move below the diagonal would invalidate this scenario.