GOLD TECHNICAL ANALYSIS - Gold costs dropped to week after week low as merchants endeavor to fabricate force taking after the presence of a Bearish Engulfing candle design. Close term bolster stays at 1219.20, the 38.2% Fibonacci retracement, with a day by day close beneath that uncovering the 23.6% level at 1182.36. On the other hand, a push over the half Fib at 1248.98 focuses on the 61.8% retracement at 1278.76.
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