The price of gold retraced very well for a good new buying opportunity.
The market found resistance at 50% FIB retracement while the RSI became oversold at that particular time.
When that level was hit market and RSI turned around at the same time which shows us a comeback in of the bullish trend for a possible new higher high.
The market found resistance at 50% FIB retracement while the RSI became oversold at that particular time.
When that level was hit market and RSI turned around at the same time which shows us a comeback in of the bullish trend for a possible new higher high.
