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TheActveTrader
Jan 7, 2020 8:48 AM

GOLD MONTHLY ANALYSIS Long

Gold/U.S. DollarFXCM

Description

Price created an Inverted Head and Shoulder that could possibly target $1700 area. Price currently testing the 61.8% Fibonacci Retracement from 2011 High ( All-Time High) to 2015 Low. If price trade and close above 61.8% that would lead us to 78.6% Retracement which is also $1700 area.
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