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Gold pull back

Oleh RealMcafee
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At the 1.618 extension. Potential pullback to 1400.

/* Not trading advice */

Silver-to-gold ratio.
syot kilat
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syot kilat
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Let's see what happens in the new week syot kilat
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Maybe we need to wait until next week to see how the gods of gold decide
syot kilat
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Jury is still out on gold.
Nota
Potential head & shoulders on gold syot kilat
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Head & Shoulders target is between 1415 and 1440. Let's see, I'm not buying though.
Nota
Interesting...
Nota
This gold chart working it surprisingly good... so far. The pullback at the golden ratio was, dare I say it, obvious - current trajectory less so. I don't really trust fractals for trading, but I don't trade gold anyway: in the last 4 years it has done just 50%
My guess is that January wick is indicating we have reached the supply zone, but I expect the price can creep up toward 1700 still. Just a guess.
syot kilat
Trend Analysis
RealMcafee
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