1200-1210 was the buy zone I mentioned in my Weekly Markets Analysis newsletter.
Gold is testing this zone.
The 61.8 Fib level is just below the 1200$ and it should be the bottom of the retracement if gold intends to rally.
A close above 1220$ could be confirmation signal for a bullish move (a close above the trend lines shown)
Gold is testing this zone.
The 61.8 Fib level is just below the 1200$ and it should be the bottom of the retracement if gold intends to rally.
A close above 1220$ could be confirmation signal for a bullish move (a close above the trend lines shown)