- #Gold futures just had a 50% retracement from the June lows.
- Notice the big volume recently without much further downside; an indicative clue that buyers are getting aggressive.
- A series of higher highs and higher lows allows the technician to easily plot a Fibonacci measured move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.