Fib and trendlines go back to 2005 as I'm looking for longest term convergences.
I think it's significant that gold found support just above the .5 fib level at 1180 in June 2013 and has gone up since then.
The market loves to exaggerate - hence the bull run since 2008 The way I see, it's just been a severe but not unnatural correction from 2011 and will reverse again soon.
I think it's significant that gold found support just above the .5 fib level at 1180 in June 2013 and has gone up since then.
The market loves to exaggerate - hence the bull run since 2008 The way I see, it's just been a severe but not unnatural correction from 2011 and will reverse again soon.