Commodity Blog

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Video: Don’t Miss the Next Huge Move in Gold!

September 7, 2020 at 5:11 by Vladimir Vyun

Gold was performing phenomenally in the past several months but can it keep running to the upside? In the present video, Mike Swartz provides his take on the matter. To answer the question, he uses technical analysis. Specifically, Fibonacci retracements and Fibonacci extensions. Currently on the daily chart, gold has lower highs and higher lows, creating a wedge. But if prices break to the downside, a significant move further down is possible.

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