To the high side 1738.25 Big. 1739.88, 1752.18, 1757.87 and finally 1764.21. If this move is in fact bearish, then look for 1692.38 to show up in the picture soon.
Sunday, February 5, 2012
GC Fibs 2-6
As for now GC rests just below one of the two biggest fibs on the chart, 1738.25. Gold has been somwhat of a mess as far as the fibs go. They are everywhere. But the two biggest are 1738.25 and 1692.38. A move through 1733.61 finds its next level of fib support at 1718.05, then 1714.36, 1703.02 and finally at the biggie, 1692.38.
To the high side 1738.25 Big. 1739.88, 1752.18, 1757.87 and finally 1764.21. If this move is in fact bearish, then look for 1692.38 to show up in the picture soon.
To the high side 1738.25 Big. 1739.88, 1752.18, 1757.87 and finally 1764.21. If this move is in fact bearish, then look for 1692.38 to show up in the picture soon.