Technical Analysis

Gold surpasses 61.eight% retracement of the 2018 stoop

Gold rises above a key technical degree

Gold is up eight% because the November low and 11.5% since August. You’ll be able to’t say that about many markets.

Technically, the break at this time above the 61.eight% retracement of the April-August drop is a optimistic sign and there may be out of the blue a groundswell of optimism about gold. I nonetheless assume that is in its early levels. The time to bail can be when gold will get again to $1350 or when everyone seems to be out of the blue a gold bull once more.

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