Gold Spot / U.S. Dollar

Short

Will Gold Trigger a Bullish Wave at the $2670 Resistance?

Updated

FxNews—The immediate resistance rests at the 61.8% Fibonacci level, $2,670.

From a technical perspective, a new bullish wave could form, targeting the 50% Fibonacci level at $2,690, supported by the bearish fair value gap, if gold prices exceed the immediate resistance.

Trade closed: target reached

Gold reached the $2,710 target.

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