GOLD Growth Following Strong Recovery from 78.6% FIBO

Apr 20, 2023

Yesterday, the gold market experienced a robust recovery, marked by a pullback to the lower Fibonacci retracement level of 78.6%. Traders seized the opportunity to purchase the precious metal at a discounted price, suggesting a positive sentiment in the market. Given the recent developments, there is reason to believe that the value of gold may experience further growth, potentially reaching its previous high. This optimistic outlook is further reinforced by the expectation of a bullish continuation, making gold an attractive prospect for investors.