Gold tests the 38 2% Fibonacci retracement of the move up from the September 2022 low
Gold is trading to a new session low and in the process is testing its 38.2% Fibonacci’s’s retracement at $4079.35, and also the swing low from March 19 at $4098.74. The low price as of just reach $4081.69 between those two levels. A move below those levels takes the price to the lowest level going back to November 2025 and opens the door for further selling.
This area is a key barometer for both buyers and sellers. Which way will the market traders take the price.
This article was written by Greg Michalowski at investinglive.com.