j33per
Long

Magic 61.8%?

TVC:GOLD   GOLD (US$/OZ)
153 1 9
Gold             reached the 61.8% FIB level and I expect it to go back up from there also based on RSI oversold position.

TP 1 1429.50
TP 2 1458.39
TP 3 1499.91
Trade active:
snapshot


Watch 1150 level closely. If broken, we can expect it go much lower.
Trade active: Perhaps a more likely scenario...

snapshot
I agree with the general idea. Some are calling for a bottom at 1100, 1140, 1150. Who knows the exact bottom? Maybe a time to start dollar cost averaging? I am thinking this will form a base before it begins the upward leg.
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