Is Gold in a Blow-Off Phase? Fibonacci Levels Signal Key Support Point
Candy Matheson | Apr 22, 2025 01:13AM ET
We'll see.
If we do see a blow-off in price at some point soon, perhaps 3000 will hold as support, since that was a technical upside target within the confluence zone of two major long-term Fibonacci levels.
Gold finally hit 3000 on March 11 of this year, for a gain of 68% -- and has nearly reached 3500 -- as shown on the following monthly chart.
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