Monthly Gold Chart

By request….

Note that this chart is based only on CLOSING prices for each month. I have included today’s close as the price for June to give some sort of feel for where things currently stand.

The first major Fibonacci retracement level comes in near $1230 based on closing prices. I would look for a zone on either side of that of $10 for a target unless price can quickly recover and recapture $1300.

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