nmike
Short

GOLD weekly update

COMEX:GC1!   Gold Futures
640 4 10
Much damage this week. GOLD             has fallen below a KEY confluence support area . A bearish candle totally outside channel CLONE A, below reference channel B and below the .5 Fib level, Next near term target is the .618 Fib level.
Very interesting chart. Very clean yet full of information.
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nmike Dakota
@dakota, I should have posted this one , perfect CLONE hit
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.....2 resistance points broken.If price closes inside reference channel B this week, next likely upside target is top of clone A and or.382 Fib level
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and 1560 after 980?
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