The previous week was positive for the price of gold. The price recovered from $1680 to $1765. We also see a break above the 38.2% Fibonacci level and now expect a continuation to the resistance zone between the 50.0% and 61.8% Fibonacci levels.
Note
Trade closed: target reached
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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.