As you can see that during this decline cycle gold price faced resistance on golden fib zone previously 2 times on daily time frame,
current price is also trading under this golden zone for current retracement phase , watch this zone carefully if daily candle close above this then we can expect good bullish move but if the price failed again to break above this then we can expect another down move .
current price is also trading under this golden zone for current retracement phase , watch this zone carefully if daily candle close above this then we can expect good bullish move but if the price failed again to break above this then we can expect another down move .
