Double Botton to form on gold with great risk to reward.

I noticed that gold was retracing on the day chart, so i applied the Fib retracement. After that i noticed that it was retracing off the 50 mark and forming a double bottom together. My moving avgs. are aligning too. I have multiple confluences on this trade with and outstanding risk to reward ratio.
Fibonacci ExtensionFibonacci RetracementFundamental AnalysisgoldusdTechnical AnalysisTrend Analysis

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