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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (15063)11/7/2013 12:20:17 AM
From: ajtj99  Respond to of 33421
 
Skin, I've been looking at a landing zone of around $1,120 for Gold for the next major relief bounce to begin. If that is not the final landing zone, I think it could go all the way back to $850 for the ultimate low.

Basically, I think either a 50% or 61.8% retracement of Gold bull is in progress. As you mentioned, most moves re-trace 50% of the move at some point, and a 61.8% retrace is not too unusual either.


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