GOLD's daily cycle low- levels of pullback
Friday GOLD was on day 20 - it's a possible daily cyce top so it can start moving down into the daily cycle low.
The possible levels:
Level 1 : 2015 May Intermediate Cycle High (1232) Friday correction was able to come back to this level
Level 2 : Bear market trend line test back (1200-1210)
Level 3 : 2015 October Intermediate Cycle High (1191) + 10 EMA I think this correction should come back at least to this level.
Level 4 : 20 EMA (Friday it was 1156,4)
Level 5 : Fibonacci 50% (1154,5)
The possible levels:
Level 1 : 2015 May Intermediate Cycle High (1232) Friday correction was able to come back to this level
Level 2 : Bear market trend line test back (1200-1210)
Level 3 : 2015 October Intermediate Cycle High (1191) + 10 EMA I think this correction should come back at least to this level.
Level 4 : 20 EMA (Friday it was 1156,4)
Level 5 : Fibonacci 50% (1154,5)