Gold 1 day Fib Retracement

Gold is looking to retrace back to around the $1300 psychological level. This is right around the .786 fib level of the current move. Gold is still in an uptrend overall, and may just be in some need for slight consolidation. Also, with the dollar index showing slight signs of strength, this may push the gold price slightly lower.
Chart PatternsFibonacci RetracementGoldgoldtradingTechnical IndicatorsJDSTJNUGpreciousmetalsTrend Analysis

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