GOLD - 61.8% FIBONACCI REJECTED TWICE | REVISIT TO THE 200DMA?
- Daily price action has failed to close above the 61.8% fibonacci level for the second time now
- A double top of sort has formed at this level
- Given this scenario, it may be likely that we may correct first before pushing back up to the next level
- Correction target will be ~ $1825 due to its confluence with the 200DMA and 61.8% fibonacci retracement of the recent daily swing low and high