Gold has retraced back down almost 61.8% of
the last intermediate up leg from 805.20 to 1009.80
The lower it goes, the more 'oversold' it becomes.
It could fall to the 75% point at 856.30 before
turning back up, as the lemmings all fall for the
line of crap that stocks have made a bottom and
all will be well soon....NOT!