Gold Finds Feet at 38.2% Fibonacci but Downside Risks Linger

Gold’s downward pressures are weighing on the 1,959 level, which is the 38.2% Fibonacci retracement of the recent 1,780-2,070 rally. Despite the deep retreat in the price of the commodity, the bullish simple moving averages (SMAs) continue to endorse the ascent in the precious metal. Meanwhile, the short-term oscillators are skewed to the downside, confirming […]

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