Scenario for Gold
A pull back to the 23.6% fib level would provide an excellent opportunity to go long (value area) however above the 38.2% fib level exposes our next target 1212 before going onto good resistance at 1230.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.