GOLD – time to buy for next leg up?

12/22/2016 – w/ near record pessimism for Gold it appears that another leg up (to complete a multi-month long correction from 1046) is about to begin.

levels below have a LOT of math …

  • 1.618 price projection (dashed blue line)
  • 2.236 (square root of 5) extension
  • .786 retracement
  • square root target using a 3.618 Fibo square of 9 projection
  • fundamental frequency target (think of the rock hitting the water and making waves)

wrong below the last low of 1046.

Bart

 

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