We're bouncing in-between the fibs right now at prices levels 14888 and 1446. We've already bounced off 1446 once on Nov 12th and should revisit after that harsh rejection at 1488 yesterday. If Gold truly is Bullish then now is the time to show it. 1446-ish seems to be traders short term targets. Goodluck!
A bit of down then Bull revenge season. Subject to change but here's briefly what I'm expecting.. Bull rally is likely but let's see if it can actually charge this much.
Just an observation, but major fib is around 1417. Just posting to keep Bulls heads on a swivel.. I didn't consider this as much last week.
Law is Fib; Fib is law.. Not sure if we fall this much but I'm highlighting how worried bulls should be... I'm a bull here longterm still.
I was expecting a big dos for a while, but the longer 1450 holds up the less chance that happens. Here's an update to the fractal idea I posted a while back. Im bullish/bear on a break out of the wedge. Looks more bullish than anything at this point though.