Gold

Hi
If wave A=C you get 1625 ish, so this area of 1630 and 1625 is a good target.
Need to look at silver charts and see what they are saying.
G

Is there any Greece news today at 12.30.
I am currently loosing from 1745, with no choice I will be closing my positions especially if it goes down to 1640 or more. I guess I have no other way out. Thanks. RG2

ECB draghi press conference at 1:30 today, job claims today, non farm payrolls on friday...all can have impact on gold.

The levels most recent blogs have suggested are valid now that gold has broken down....

seeing some divergence on Gold...perhaps the lows maybe in and gold maybe ready to blast soon, still in sell mode but close to buy....

i want to see price close above 1704/5 and 1722 - 60min bar.

possible truncation....

dyor

a break n close below 1687 then lower to come..im watching these key prices

WaveSurfer wrote: seeing some divergence on Gold...perhaps the lows maybe in and gold maybe ready to blast soon, still in sell mode but close to buy....

i want to see price close above 1704/5 and 1722 - 60min bar.

possible truncation....

dyor

This is getting closer to some major supports now after todays $30 drop-off:



dl.dropbox.com/u/20815047/Golddaily18_12_12.gif

I wouldn't be surprised to see an intraday break below the uptrend support down to the 61.8% Fib and original breakout point at 1630 as previously discussed but it may bounce at the trendline at 1639 (today). Any thoughts? $1640 has been a resistance in the past so that adds another level of support there.

All together there are 4 levels of support within $11 as far as I can see.