Tuesday, September 26, 2006

Gold, Fibonacci Set – Update

If gold will find it way up sooner then later and the 570's USD levels will prove to be an important secondary bottom then the Fibonacci lines on both Spot and Futures gold charts will act as short term support and resistance levels. I'm posting these two charts annotated with diagonal minor uptrend lines.

For GDX, HUI, and XAU – Fibonacci levels, refer to these posts

(You can click on the charts for larger view)

Gold spot intraday fibonacci chart

Gold futures intraday fibonacci chart


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