Mr Gold nailed it again

If you read my Daily free analysis on Gold through my partnership with InstaForex then you were already informed/warned about the bearish signs in Gold since my post on February 20th.

As said on twitter and through my analysis the bear flag pointed to a move towards $1,300. We got that…..

 

Target reached

Price has also reached the 38% Fibonacci retracement area and support of the rise from $1,196. Holding this support area is important for longer-term bulls as price has reached important long-term resistance and got rejected.

Follow me on twitter @alexanderyf and read my daily free analysis through InstaForex for more analysis on Gold.

 

Have a great week people!!!

 

take care