Gold is breaking above the 61.8% Fibonacci resistance
On the Gold daily chart, we can see that the instrument has closed above the 1310 level which is 61.8% Fibonacci retracement of the previous swing lower. By this Gold has completely reversed the downtrend and is going for a test of 1340 level at least. This is the last resistance before 1375 long-term upside breakout level.
Note: look for the long trade entries with a stop loss below 1295 level
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