XAUUSD Bearish correction inside the Channel Up

Gold / XAUUSD has started the bearish wave, the 3rd one inside the Channel Up pattern that started on October 13th.

So far it is holding the last technical support leve, the 4hour MA50 but once crossed, the pattern has shown that a decline always starts that aims the 0.618 Fibonacci retracement level.

Sell and target 2017.50.

Previous chart:


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