Replies to post #5968 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[CaribbeanJim]

Fib Retracement on Gold

In addition to previous post, it looks like gold hit its "sweet spot" ... 50% fib retracement plus major support level. Also, not shown is the 200dema (ema rather than sma). It was near the 200dema on the bounce. In other words, THREE major levels of support.



http://www.financialsense.com/fsu/editorials/degraaf/2008/0509.html