Gold opened down, but then rallied to the 75% point
of the down move from 79150 to 78280, then it
retraces that up move...75% retrace is at 78430.
Notice that gold dropped down to 72820 which is
right on the bottom blue line of the down flag
where it found support. If there are any buyers
in the overnight market, gold should break up and
out of the blue down flag.
