I want to follow up on my earlier post on potential downside targets for Gold. There are 2 immediate targets.
If you like this post, please click the Like button, share with your friends and retweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
- There is a 23% fib retracement at 1256.5. This fib is based on the yearly high and low. You can see a strong line of support there.
- A trendline that extended from the last 2 pivot lows has a strong confluence with the same fib's 38% retracement level. It's also in the general price are of the lower Bollinger Band.
If you like this post, please click the Like button, share with your friends and retweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
