Bottoming at 1270 - 1260 area.
Gold hit the middle of Keltner weekly channel. EMA 200 and EMA 50 weekly major support are at 1255-1260 areas. Moreover 1260 level corresponds to 0.618 fib retracement.
Expect reversal at 1260 level to retest the previous highs. This time gold may visit 1380 level prior going down again.
Expect reversal at 1260 level to retest the previous highs. This time gold may visit 1380 level prior going down again.
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