After Gold hit the daily key fib level 61.8% and pushed all the way down we've seen a slow down in price as we are respecting a down trendline with a 3rd touch as well as closing and opening at the same price level on the daily and rejecting below creating a spinning top on the daily showing that we would see a price reversal(the pullback needed to drive us higher to either 38.2% or the 61.8% level before driving back lower).
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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.