The .618 Fibonacci level at $913 has held and the market rallied over $30 oz in a few days. The double top potential still exists HOWEVER any move above $990 could forecast much higher prices to come and possibly in the order of $1200 an ounce.
The information posted on this blog should NEVER be taken as advise to buy or sell securities, options, currencies or futures. This blog is for my entertainment only, as I map out my feelings about the stock, options, futures and currency markets.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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