Gold fib

This Fib speed fan describes past price action and seems to point that we reached a support line at 0,618. Today's candle is a nice hammer and bounced just above support line. We also tried to reach 50MA which now also acts as support and now we'll keep up with the previous uptrend.
Stochastic shows we bottomed and we're about to resume and head north.

Kommentar:

This support line proved to be useful, we could keep up till the next line at 1251.