Have Gold Prices Bottomed? | The Mesh Report

Have Gold Prices Bottomed?

Mike Hammer November 23, 2018 Comments Off on Have Gold Prices Bottomed?

Gold prices are holding steady above the 50-day and 100-day moving averages as well as critical support sitting at $1218. This support level is based upon the .618% Fibonacci retracement level from a large data beginning in December 2016 when gold prices bottomed at $1124 per oz., up to the multi-year high that occurred $1369 per oz.

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