Gold Price Correction Nears Crucial Fibonacci Level
Over the past two days, the price of gold experienced a corrective downward movement, nearing the 50% Fibonacci level from the last swing. Today, this level may be critical in determining the metal's next move, which could potentially be a new bullish impulse in line with the main trend. However, if the price falls below the value of $1990, it could signal a reversal.
