Gold bounced off the .38 macro fib extension from the last major bull run and the 50 day EMA.
Target to sell is the .50 fib level above at $1,886.
Closing below $1,689 could trigger a washout sell off but, even if there is, $1,600 is the floor. Established by the major players shown in volume. I'd triple down at this level if it even gets there.
Target to sell is the .50 fib level above at $1,886.
Closing below $1,689 could trigger a washout sell off but, even if there is, $1,600 is the floor. Established by the major players shown in volume. I'd triple down at this level if it even gets there.