BernieKruger

XAUUSD monthly Fibonacci .618 retracement

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Fibonacci is very powerfull at .618 for support and resistance so it's worth a look at whether $1587 is the resistance level that could stop the Bull stampede..
8 years is a long time, it's only 500 pips away and it's like a magnet to run to.
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