normal Fibonacci retracement is at the level of 38.2% or 50%
if it hits the 61.8% level then it's not normal
now we see that gold has touched or passed the 38.2% fib level then gold will then catch up to its 50% fib level and after touching it will continue its downward decline
if it hits the 61.8% level then it's not normal
now we see that gold has touched or passed the 38.2% fib level then gold will then catch up to its 50% fib level and after touching it will continue its downward decline
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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.