Gold is approaching support, potential for a bounce

31 ธ.ค. 2020

Price is approaching our first support at 1885.54, in line with our 50% Fibonacci retracement and 161.8% Fibonacci extension. We could see a potential bounce and further rise up to our first resistance at 1900.31. It is worth noting that the price is still holding above the Ichimoku cloud in line with our bullish bias.

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