Multiple rejections on 0.50% Fibonacci level
Gold price got multiple rejections at 0.50% Fibonacci levels. Gold price is currently in consolidation phase preparing for big move either on both sides. A sustained move above 1830 will push gold high up to 1860-1889. However, breaking down support level 1790 will take this down to major support 1750 and 1680. We are staying neutral until this consolidation phase is over and price break to the one side.
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