Watch 952.85 level closely

Source: www.forexvideostudio.com

Why is this level so important? 952.85 is 61.8% fibonacci retracement of the move from the 961.25 highs to 939.24. If it fails to break this level gold will collapse in the short term and test 935 and possibly lower. A close above the fib resistance will lead to a retest of the highs and if it breaks there a test of 967 area will followw soon. A sustained move about 967 will bring in focus all time highs above 1000.


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