Fibs and Trend to Take Gold Higher . . . Target 2206

3月9日

Interlocking Hourly Fibs show why we just dropped as much as we did. We traded into a long with a price target of 2206.55 at 2168 during late Afternoon NY and rallied smartly off of it. . . . a 2nd test of our 2168 lows would be a gift to start the week. Hold that level there and 2206.55 becomes our immediate target. Lot of momentum for this to occur. Following this trendline takes us to the our objectives. And it's not much of a stretch as we have been following this trendline all last week.