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Gold Bounces After Five Days In Red, Key Support At 1302 In Remains Focus

Discussion in 'Technical Analysis' started by Kaitlin, Sep 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Gold bounced slightly above Fibo 23.6% of 1352/1313 downleg, on recovery action after Tuesday’s $16 fall. Five consecutive days in red retraced over 61.8% of 1302/1352 rally, maintaining strong downside pressure. Another strong bearish signal was generated on yesterday’s long red daily candle for final push towards key barrier and[​IMG]

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