Considering the approach to the 1.618 Fibonacci extension level and its alignment with the top of the ascending channel and the rapid growth of gold, it seems that we will not see gold at current levels for months and its price will decrease to the range between $2,000 and $2,700 for correction.
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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.