UnknownUnicorn1249598

Gold, long-term bounce on 0.5 fibonacci level

COMEX:GC1!   Gold Futures
As you can see from the chart, gold seems to have finished the retracement started on 2012 that bounced right around the 0.5 fibonacci level. While price is moving up, volume is also increasing. This is a strong bullish signal. Always pay attention to the bigger picture.

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