gold price rebounded for two consecutive days after testing the Fibonacci 38.2% retracement level at 1548,
and is in the shape of a triangle.
If the price of gold continues to rebound, the closest resistance level above is Fibonacci's 23.6% retracement level of 1572.
After the breakthrough, it may test the resistance near 1611
and is in the shape of a triangle.
If the price of gold continues to rebound, the closest resistance level above is Fibonacci's 23.6% retracement level of 1572.
After the breakthrough, it may test the resistance near 1611
Comment:
Above 1561, bullish with target price of 1572 and then 1579