GOLD
Yesterday: GOLD declined into the 61.8% Fibonacci retracement level. Wave 'ii' brown did infact extend lower as suggested.
So far the bounce off the lows looks to have halted the decline. If we get a break of the high of wave 'b' at 1285 it will signal wave 'iii' brown has begun.
Wave 'iii' is projected to reach 1332 at the 161.8% Fibonacci extension.
For today: Watch for 1267 to hold, and a rise into 1285 to signal a turn up again.
Reference: Market Slant
Thai
Eng