@youngmula, (smile) I'm shorting Gold though an inv EFT right now... I really didn't have a price target in mind … that being said the last few moves have been following the lazy-fibs pretty nicely.
My last fib retracement was drawn between Sept 8 to Feb 1 (that's retracement so, on a up trend the zero's at the top) This caught low the shadow the last down trend. Moving temporarily the top of my Fib to the next high the shadow on Feb 28. (Feb 27 was higher but not by goodly amount so the 28 the closer which makes it more relevant, at least in my mind) and with that we see the close for that days candle. So follow that 28.98 would be a possible low, with a close on that day 29.11 (28.98-29.11 a good turn around point RSI under 27.75 and CONFIRMATION that the reversal has happen... perhaps above 29.11 on the way back up or higher depends on how it got down there and what kind of candles I see and the count the TD sequential. Oh watch the ETF's ... like XLF it could push BAC lower if WellsFargo keeps ticking up or has bad news … Like a Double edged knife if there ever was one. XLF is holding JPM BRK.B BAC WFC C GS USB APX MS PNC … Oh it looks like JMP could turn around in 2to3 days BAC that would pull on BAC. Look at all the bottoms JPM has had... PLUS Full moon tomorrow lots of people getting ancey (anxious, uneasy) will be more likely to move out of their positions. ... Happy Trading!