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It is all paying out fast for Gold today

Following the penultimate article this morning, I simply have to add another update on Gold now. You see the metal has pretty much nailed that noted and important Fibonacci support level I mentioned  a couple of times already this morning. That was at 2,057.59 and since my last update gold has hit a session low so far at 2,057.89. That means it has pretty much hit that support level and as you can see right now, so far it has capped the current downside run almost to a tee. Of course that is not to say it will continue to do so, but at least it is hoped you can see the importance of respecting such levels when trading. The other point to note here, is the rapidity at which this is all paying out at pace since last week. We have seen major target levels and waves unfold and a rapid pace compared to the more recent price action. So, volatility and price action remains highly elevated so far today. Gold is currently trading at 2,063.20 

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