XAUUSD Drop & Retrace? 27.03.2023

| 27 March, 2023 at 14:56 GMT



XAUUSD Drop & Retrace? 27.03.2023 by BDSwiss_Academy on TradingView.com

Gold has been experiencing high volatility the past week.

Overall has been gaining 8% change in value this month and has experiencing reversals in the process.

Today we see a sharp drop after a reversal in price signaling the opportunity to catch a retracement after the end of the move.
It might be soon but if the end of the move today is at the 100% Fibo level as depicted then traders can catch the retracement at least to 61.8% level.

Marios Kyriakou

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