Gold technical analysis: Bulls are in the safe-zone, but are barely holding on
|- 23.6% Fibo of the latest swing lows and highs could open up lower levels.
- The $1,373/76 zone meets the 19th June spike correction low.
The 1400 psychological level is holding up which is just as well for the bulls, as a couple of dollars, a break of the 23.6% Fibo of the latest swing lows and highs could open up an onslaught to the downside. Below that level, the $1,373/76 zone meets the 19th June spike correction lows and the 38.2% Fibo of the same swing ranges. On a break back to the upside, 1410, 1419 and 1424 are all prior highs and lows which are guarding a run to the 1440 objective.
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