$GOLD May Find Support Here

$GOLD has a couple of short-term technicals coming together here. It is approaching the 50-61.8% retracement of the prior advance (orange box below) and the 50% retracement (top of that box) also coincides with equal legs parity between C and A as I have it hypothetically labeled here. If this is only a correction, it may find support here and, at a minimum, may rally to the orange box above us.

GOLD


[UPDATE]: Since this post effectively marked the end of that leg of the correction, and since we got the expected rally, I will file this under “Successful Calls.”

GOLD


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