CosmicDust

Gold study - 09/13/2014

COMEX:GC1!   GOLD FUTURES
168 0 5
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.
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