Gold just got rejected the second time at the 0.5 monthly Fib level, which created a double top.
I think that we can now prepare for a retest of the 0.23 weekly Fib level at $1356 at least, even to 0.38 monthly Fib level at $1346, which both aligning perfectly with the new formed support zone.
From there we can expect further up moves to $1500 and beyond.
I think that we can now prepare for a retest of the 0.23 weekly Fib level at $1356 at least, even to 0.38 monthly Fib level at $1346, which both aligning perfectly with the new formed support zone.
From there we can expect further up moves to $1500 and beyond.