- November 13, 2018
- Posted by: gmiadmpanel
- Category: News
Gold price reached the Fib 38.2 correction at 1236 and rebounded downwards.
It is testing the major support at of the daily trend line at 1198-1200 levels.
Expected to bounce from this psychological level and approach the first resistance at
If price manages to break above this zone then it can extend up to 1222-1224 area.
It may resume its downward trend from the given levels above.