As it has done so many times, gold reaches for
the previous close price (for what reason I do
not know) and then reverses direction. In this
case that price is almost the same as where gold
intersects the green up trend line at the 61 .8 %
fib retrace point. All this is within the blue
down flag which should resolve up, especially in
light of the trading action since gold bottomed
at 681.
See you all in the morning...GT
