"We've observed a prolonged accumulation phase in gold before the recent rally, indicating a healthy price run. Gold has the potential to reach $2321 as per standard deviation. We may witness a retracement to 2123$ and it is a good spot for short term long also in the Fibonacci levels from 0.5 to 0.7, which would constitute a healthy retracement. If we aim to see another price rally to the first standard deviation, as I've outlined in the chart. Good luck to all traders."
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