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CFDs on Gold (US$ / OZ)

Gold Hitting Resistance

By koubadillon
Updated
Right now Gold is hitting the .618 Fibonacci resistance line, and at the same time the 50 day MA. If the precious metal can get a close above those two lines, be ready for an accelerated jump to $1240. On the hand, If It rejects, It should only fall to the bottom of the support channel. Good Luck!

Notice: I do not provide financial advice.
Comment
**.786** fib line. Not .618
Comment
Rejected the 50 Day MA, 20 Day MA should hold it up.
Chart PatternsFibonacci RetracementGoldTechnical Indicatorsresistance_levelSilverTrend Analysis
koubadillon

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