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jsaettele

Gold 61.8% Retrace - Higher Low in Place?

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
jsaettele  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GLD XAUUSD gc_f
12
2
trendanalysis chartpattern waveanalysis gld xauusd gc_f
Gold reversed sharply higher in July. The rally is impulsive. The pullback retraced exactly 61.8% of the decline. Put all of this in a petri dish and you get a bullish 'look'. I like gold higher. - Jamie
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
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