GOLD TECHNICAL ANALYSIS
– Prices are testing support at 1218.80, the 50% Fibonacci retracement,
with a break below that on a daily closing basis exposing the
intersection of rising trend line support and the 61.8% level at
1197.86. Alternatively, a reversal above the 38.2% Fib at 1239.73 aims
for the October 21 high at 1255.20.
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