Right now Gold is hitting the .618 Fibonacci resistance line, and at the same time the 50 day MA. If the precious metal can get a close above those two lines, be ready for an accelerated jump to $1240. On the hand, If It rejects, It should only fall to the bottom of the support channel. Good Luck!
Notice: I do not provide financial advice.
Notice: I do not provide financial advice.
Note
**.786** fib line. Not .618Note
Rejected the 50 Day MA, 20 Day MA should hold it up.
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.
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.