GOLD: Almost at the 61.8% Fibonacci retracement

FX:XAUUSD   Gold Spot / U.S. Dollar
Hey traders,

On Gold             we are slowly crawling upwards and we have almost reached the 61.8% Fibonacci retracement , which is already taking longer than the drop. Stop goes at the 78.6% and the target at the 23.6%.

Comment: Eh?
Congrats... a perfect move!
Do you thin gold is ready to dive to 1261 level?
11021992 fhsk2001
@fhsk2001, I don't think that it will drop that far. But we will have to wait and see what happens :)
fhsk2001 11021992
@11021992, DXY is at major support while 10 years yield jumped significantly. The most logical drop of gold is 1275. What do you think?
11021992 fhsk2001
@fhsk2001, Look at the chart and you will have the answer :)
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