Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
Gold sells off into Fib support
Gold managed to post another leg lower on Friday, following on from a significant deterioration earlier into last week. We have now seen price fall back towards the 76.4% retracement level, which could provide an interesting area for longs. Given the short-term downtrend, another leg lower would not be surprising.
However, with price now coming into the lower end of a bullish descending triangle pattern, another move towards the upside seems likely soon enough. This bullish view remains unless we see a closed daily candle below $1300.