XAU bouncing off 23.6% Fib level possibly?
Gold could possibly bounce of this level around $2005 which has proven to be a successfull support/resistance in the past.
It is also a 23.6% Fibonacci level traced back from 28.02. lows.
I also noticedearlier a strong technical disposition in gold, whose price has approached historical highs much more smoothly than in 2020. or 2022., leaving more strength for a breakout.
It is also a 23.6% Fibonacci level traced back from 28.02. lows.
I also noticedearlier a strong technical disposition in gold, whose price has approached historical highs much more smoothly than in 2020. or 2022., leaving more strength for a breakout.
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