Gold has confluence of support around the current levels...
1. Support of the falling Channel (Blue Parallel Lines)
2. Support of the rising 2 year trend-line (yellow line)
3. 38% Fibonacci Retracement Levels.
If USD1,700 hold on gold, we can see a strong bounce from here
1. Support of the falling Channel (Blue Parallel Lines)
2. Support of the rising 2 year trend-line (yellow line)
3. 38% Fibonacci Retracement Levels.
If USD1,700 hold on gold, we can see a strong bounce from here