Friday, February 24, 2017 6:54:18 PM
One thing that I noticed when I was going through the gold chart for the last 2 years is that it seemed when gold had a pullback on the fib of .618ish it tended to have the second leg equal to the first more often, but when the pullback was only .382 the second leg was not always the same as the first. Gold likes to take the stairs up and the elevator down!
And I still haven't ruled out the dollar just yet, most of the time frames on the dollar are more bullish than bearish. This would be a perfect time for the dollar to rally one last time and gold to have a correction and deal with that gap at 1163, not too mention all the ones on the GLD chart.
And the stock market rallied hard EOD. It might have one more burst left in it as well.
60 minute gold chart with possible gartley pattern if gold sells off on monday. After seeing the GDXJ reaction today something is up.
https://invst.ly/3c5vx
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