There are as many opinions on the direction of the price of gold now as there are pretty girls in the Carolinas (that’s a lot), so I thought let’s do the logical thing and see what Mr. Chart says.
According to Mr. Chart and Mr. Fibonacci gold is holding at support levels of 1543.9 and 1616.4 with a projected target of 2068.7.
To break this uptrend, a daily candle would have to close below the 61.8% level of 1543.9.
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