Gold: Confluence of Support
Gold has confluence of support around the current levels...
1. Support of the falling Channel (Blue Parallel Lines)
2. Support of the rising 2 year trend-line (yellow line)
3. 38% Fibonacci Retracement Levels.
If USD1,700 hold on gold, we can see a strong bounce from here
1. Support of the falling Channel (Blue Parallel Lines)
2. Support of the rising 2 year trend-line (yellow line)
3. 38% Fibonacci Retracement Levels.
If USD1,700 hold on gold, we can see a strong bounce from here
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