Mon, 23 Jan 2017 12:59:21 GMT
XAU/USD 4H Chart: Channel Up
The yellow metal continues to trade in a medium term ascending channel. Most recently the bullion encountered short term resistance and retreated to the large scale 50.00% Fibonacci retracement level at 1,211.69, where it found support. The Fibonacci retracement levels for the metal are measured by connecting the 2015 December low level with the 2016 August high level. From a