SPDR Gold (GLD): Getting Near 261.8% Fibonacci Extension Target

GLD is getting very near to 261.8% FR now. Current Level is $171.9. This $173.76 is also the Resistance for the past 2 years. 

  • Daily Candle showing Bearish Harami. 
  • 2/5 EMA is still bullish on both Daily and Weekly Chart.
  • Expect retracement at this tough resistance.

 

See Previous Analysis. 261.8% FR was redrawn in this post.

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