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[123tom]

Gold Fib chart

the tracks to a complete retrace
some day the reset,economic collapse, new dollar, market melt down, whatever it is that we're waiting to see happen, that will start the next major cycle , and what will become of gold and silver ....a melt Up? with fantastic rallies, the long awaited 5000 gold? and 500 silver?
Is this the beginning now, with this latest 100 dollar bounce?
so when this rally stops and we get the pullback.... will it hold support around 1260/1270 and then begin the giant rally breakout to test 1400 and 1500 and really generate the trend change? or will the "support zone" at 1260, Fail at 1290 and generate another 100 point downwave to target 1200/1190 area, ...only time will tell.