Fibonacci retracement is a popular tool in technical analysis used by traders to identify potential reversal levels and support or resistance points in the price movement of assets. Based on the ...

A retracement in investing refers to a temporary reversal in the direction of an asset's price that occurs within a larger trend. It represents a short-term dip or pullback before the asset resumes ...

Gold completed a 61.8% Fibonacci retracement today and it also popped briefly above the downtrend line. It is on track to close at resistance of the line. Today’s high was 1,949, which also put gold ...