Gold Price Declines Below 61.8% Fibonacci

New York (Mar 9)  Gold declines below 61.8% Fibonacci at 1260.00, which is a negative signal after failing to hit 1280.00.

RSI shows decrease in bulls’ power along with negative divergence, which may bring some kind of corrective actions today.

A break below 1235.00 will extend the correction towards 1228.00.

Support: 11255.00 – 1247.00 – 1235.00

Resistance: 1260.00 – 1275.00 – 1280.00

Direction: Potential bearish attempt.

Source: Investing.com