There are several other 75% retrace points between here and the one shown here which is for the entire move down shown. Gold just hit the first one but is still moving up, or at least holding this level. The volume is still light but the move is very speedy. Quite exciting to watch. Gold moves up while I type this. Volume has just increased to moderate which is often a sign that the move has topped as the late comers pile in only to have the sellers move in and wipe them out.
In the 30 minutes from 4am pst only about 1000 contracts traded, then, from 4:30 to 5am pst over 6000 contracts traded ALL UP!
