$GOLD Resistance at $1200 ,will come further down

TVC:GOLD   CFDs on Gold (US$ / OZ)
$GOLD Resistance: $1200
The drop is supporting near 0.618 retrace level
where it can make small pull back, but it has to come
down further for a console.

My best prediction on gold was in late 2006, when gold corrected to 542,
Adrop of nearly 194 points in june that I could calculate a 2.618
Retrace,and the top was 1032 in march 2008. Those days I was very active in
many fanatical forums like yahoo Google groups,posted my views there.
Comment: Reached to first support levels
Comment: $1117 is 0.786 % retracement acting as a support.
Comment: The pull back from the support level as expected coming to an end.

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.