AI
| Followers | 148 |
| Posts | 34814 |
| Boards Moderated | 3 |
| Alias Born | 06/16/2004 |
Monday, March 24, 2008 1:11:20 PM
***$GOLD $924.10 & $ILVER $17.12***
*Potential & estimated fibonacci resistance points on the way back up from the hefty decline this past week off of all-time record highs, keep in mind if $GOLD fails at a fibonacci resistance point and comes back down, $850 is entirely possible and this may turn out to be an A-B-C correction, with this impulse higher turning into a B-wave. If we break the 61.8% fibonacci on the way up, then chances are we are on our way to test the all-time high which is around the 1033 area.
38.2% => $953/oz
50.0% => $968/oz
61.8% => $983/oz
*Potential & estimated fibonacci resistance points on the way back up from the hefty decline this past week off of all-time record highs, keep in mind if $GOLD fails at a fibonacci resistance point and comes back down, $850 is entirely possible and this may turn out to be an A-B-C correction, with this impulse higher turning into a B-wave. If we break the 61.8% fibonacci on the way up, then chances are we are on our way to test the all-time high which is around the 1033 area.
38.2% => $953/oz
50.0% => $968/oz
61.8% => $983/oz
HI-HO SILVER !!!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
