Technical Analysis – GOLD halts further losses, hovers around 23.6% Fibonacci
GOLD has stalled around 1488, which is the 23.6% Fibonacci retracement of the up leg from 1266.20 to 1556.92. The precious metal seems to be skewed towards a short-term negative outlook after the price reversed back down from 1517 levels and below the simple moving averages (SMAs) but is expected to remain within its trading […]