TechnicalPatterns

Gold, long-term bounce on 0.5 fibonacci level

COMEX:GC1!   GOLD FUTURES
As you can see from the chart, gold             seems to have finished the retracement started on 2012 that bounced right around the 0.5 fibonacci level. While price is moving up, volume is also increasing. This is a strong bullish signal. Always pay attention to the bigger picture.

The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
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