• The average true range is at 13.334
  • It seems that there is a very strong support level at 1300. The price has failed to break through this level in 2018
  • The support level at 1300 will likely hold in the coming month given that the volatility in gold is moderate

  • Now using the fibonacci retracement levels i can predict that the next move will be upward.
  • I will use the 2018 highs and lows to set up the retracement levels
  • The price will likely end up between the 38.2% level at 1326.87 and 50% level at 1334.34

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