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Gold Hits 38% Fib

Published 01/18/2017, 10:20 AM
Updated 07/09/2023, 06:31 AM

Gold has tagged the 38% Fibonacci retracement of the previous intermediate cycle. This is the most likely spot for gold to drop into a half-cycle low if it’s going to produce one. Dips are buying opportunities in the advancing phase of an intermediate cycle.

Gold

Latest comments

Ok the blond ******witch Yellen jawboned metals down. God I can't stand her lies. Economy is gaining steam she claims lol. Has she not noticed the retail rout taking place? Anyways, how deep will this correction go? It was due. I'm thinking 1175-1180.Opinions?
Hi Gary, a lot of analysts are predicting that it would be a short bull run followed by a long bear market for Gold. Your comments
Fibonacci retracement is a myth.
I don't know what you're hitting but 1220 didn't happen yet.
that is mean Gold should down , Is t right ?. Or can keep going until 1230$ to testing this resistance ..
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