Mr. Gold Nailed It Again

Alexandros Yfantis • Mar 3, 2019 at 6:21 PM EST

Price has reached the 38% Fibonacci retracement area and support of the rise from $1,196. Holding this support area is important for longer-term bulls as price has reached important long-term resistance and got rejected.

If you read my Daily free analysis on Gold then you were already informed/warned about the bearish signs in Gold since my post on February 20th.

As said on twitter and through my analysis the bear flag pointed to a move towards $1,300. We got that…..

#gold still vulnerable to a move towards $1,300 pic.twitter.com/4hEqtPHgZS
— Alexandros Yfantis (@alexanderYf) February 27, 2019

Target reached

Price has also reached the 38% Fibonacci retracement area and support of the rise from $1,196. Holding this support area is important for longer-term bulls as price has reached important long-term resistance and got rejected.

Have a great week people!!!

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