Thursday, April 1, 2010

Gold Fibonacci Analysis

  • This chart us showing Fibonacci retracement levels, fans, arcs, and timezones.
  • Gold broke above the 61.8% Fibonacci fan line
  • Gold has just crossed over the 61.8% Fibonacci arc and is approaching the next timezone.
Based on Fibonacci, it looks like we are nearing the end of this consolidation phase.

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