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I have entered short 1201.5 and 1205 spot prices
I think big 78.6% needs to be touched before we move higher...buy between 1112-1117
I think gold needs to touch big 78.6% before a sustained move higher. I see a BUY between 1112-1117 spot for higher prices into 2017, how high no one knows...I like to see one move at a time. A weekly close below the 78.6% fib of years move up at 1116 spot I will post short setups. But I think until there is a close below that point we give the bulls a chance...