Chart Of The Day – 38% Fib Reached

Gold has tagged the 38% Fibonacci retracement of the previous intermediate cycle. This is the most likely spot for gold to drop into a half cycle low if it’s going to produce one.

Gold has tagged the 38% Fibonacci retracement of the previous intermediate cycle. This is the most likely spot for gold to drop into a half cycle low if it’s going to produce one. Dips are buying opportunities in the advancing phase of an intermediate cycle.

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38% fib

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