Gold outlook
Another re-test last week of the ~$1530 level (lows in 2011,2012) and ultimate rejection sees gold likely to push and test the 50% fib level again. Break below and we target the $1487 level and below there the 50% retrace and previous trend line (pink) would be a critical level.
2hr pitchfork
2hr pitchfork
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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.