Update on Gold: Aug 23, 2013

Gold reached the target we discussed last week — the white .886 and purple 1.618 Fib levels at the middle of a long-term channel.

As I wrote on Wednesday, if it can punch through 1395, the next move is a shot up to 1551-1561 in the next week or two.  Getting past there may take some doing.

 

Comments are closed.