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.