Gold sits right on 0.382 Fib but red support established since 2005 appears broken (pending September close).
Cross point between 0.618 Fib and the blue support line established since 2002 is especially interesting, as 1982 had a similar setup.
With dollar is still strengthening, chance is good gold can keep falling to $850 level, if it does not rebound strongly from the 0.382 Fib.
Cross point between 0.618 Fib and the blue support line established since 2002 is especially interesting, as 1982 had a similar setup.
With dollar is still strengthening, chance is good gold can keep falling to $850 level, if it does not rebound strongly from the 0.382 Fib.