OR: the trap reverses

Wait 5 sec.

OR: the trap reversesGoldOANDA:XAUUSDLe-tradeur-de-fortune-and-coOn the weekly chart, the RSI has broken a significant support level, which cannot be denied, but it still remains above the median of 50. The latest upward impulse (green rectangle) should be observed. Currently, this impulse has been retraced by 61.8 percent, so we are now at a point where we can target 127.2 percent, which corresponds to the golden ratio of $6180.