Get ready for jetpack moment!
As you can see, the gold price has dropped until it has reached 0.618% of Fibonacci retracement level. It is used to measure the turning point & target. Wait for a sideways around 1227-1240 to help to show interest in change in direction. Goodluck
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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.