The dark green lines designate the Intermediate
Uptrend Channel. Gold to the lower line of the
channel and may be finding support there.
The previous uptrend channel of more recent days
was violated by the sell off in gold. So we resort
back to the next more major uptrend channel which
is the dark green channel. Older channels have more
influence than younger channels and offer more
support.
Gold exceeds the last top at 898 on its way to
the next 75% retrace point at 90070
Gold appears to have found support at the DARK
GREEN Uptrend lower channel line and is now
going to move back up from there.
