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.
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**.786** fib line. Not .618
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Rejected the 50 Day MA, 20 Day MA should hold it up.