Price has been showing a nice pattern on a reversal H&S
, and from Jun low to Aug high, Fib retracment price has found a nice right shoulder test on the 50fib, price may still test the the .618fib, and a hold from there could send price to break threw the neckline, @$1425, with a target projection of @$1650, RSI
has had 3 pecks of over sold, sending a great signal, along with MACD
, with Positive Divergence. And with Government shutdown talks, & weak NFP this Oct2013 , could give a signal for the FED to do more QE
and send Gold
back above 200MVA . let price dictate, where it wants to go. #SMART-MONEY.