The price of gold has reached a well respected support area. RSI and Fib retracement are in support of a large pullback to retest the daily resistance trend line around the 1511.00 price area.
Further support could see a breakout of this resistance and potentially reach monthly highs of 1535.00.
Further support could see a breakout of this resistance and potentially reach monthly highs of 1535.00.
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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.