FX:XAUUSD   Gold Spot / U.S. Dollar
50 1 0
If we take a look at PA from 2001-2011, one realizes the move the shiny metal has made during the decade.
simple fib and abcd pattern from 2011 high to .382 retrace of the prior impulse move. Price just nailed the 1.41 extension of AB with resistance at 1.27ext (1111), 1.13ext at (1151), .382 retrace just mentioned above.

1012 S1
924 S2
840 S3

risk/reward isn't there to short....so I wait

Related Ideas

Deep Crab complimenting 1.618 bc projection and 50 retrace
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