As you can see we saw a bounce at the 0.382 fib level. In order for the price to proceed to higher highs gold must retrace itself and this was a healthy pullback. Target should be 1300
Trade closed: target reached
1303 area reached
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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.