Mostly: Classical

[Chary]

Where is GCZ5 going to find support? $455 area?

$455?
Check out this FIB voodoo bullshit Frank. I like that word as well.(o:>*
11 different days can be used as FIB "inputs" that point,in some way, to $455 as support.
11 different days, I think that's wild.

Check it out.
[1] Coming back into a Swing point (high) of 8/12/2005 is 455.30
[2]Confluence(greenish red brick)
Using:
the low of 7/15/2005 as A1
the low of 8/30/2005 as A2
the high of 9/20/2005 as Focus point
Produces a confluence area with the top of the brick being $455.53
[3]Red ABC Up
Using:
the low of 7/27/2005 as A
the high of 8/4/2005 as B
the low of 8/9/2005 as c
Produced a 1:1.0 expansion of $455.70 we went throgh on the way up.
Now going to act as support on the way down?
[4]Black ABC up
Using:
the low of 8/30/2005 as A
the high of 9/12/2005 as B
the low of 9/13/2005 as c
Produced a break out point or level from this ABC up of $455.80
Retracing back to a break out point, break out point should act as support.
[5]Yellow ABC down
Using:
the high of 10/12/2005 as A
the low of 10/20/2005 as B
the high of 10/27/2005 as c
Produces a 1:1.0 expansion down to $456.70
The LOw on Friday 11/4/2005 dipped to $456.10 and then closed up to $457.90.
Now that the ABC 1:1.0 ABC down is complete are we going to get a reversal here?


Seems to me with this ABC down getting reached along with our backs pretty close to being
against the wall of 1,2,3,4 above $455 is going to act as support. Nice place to enter golds
that also are back up to support. If we are wrong will we find out quickly and this are not
to crash to far before they hit temp support giving one a chance to get out.