gold advise
Member Since Oct 11, 2013
775 posts
Jan 04, 2019 at 00:48
The bullish correction on gold continues and its price manages to break above the 61.8% Fibonacci retracement that we can see on the weekly chart, around the 1288 level. The price of gold has been retracing from the 1160 low but now the 1300 level could act as resistance. In case of continuing higher, the 76.4% Fibo at the 1318 level could act as resistance. The long term resistance is located at the 1365 peaks. On the other hand, if the price comes back down, then the 200 week EMA along with the 50% Fibo at the 1262 level could act as support.
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Member Since Oct 11, 2013
775 posts
Jan 14, 2019 at 22:42
Gold has formed what it appears to be a bullish flag around the 61.8% Fibo on the daily chart at the 1288 level. The 1300 level may act as resistance, while the 1262 zone may act as support.
Feb 27, 2019 at 10:14
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Member Since Dec 18, 2018
47 posts
Feb 28, 2019 at 06:52
Gold, Silver Prices Pull Back On More Profit Taking - kitco update
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