Gold – Daily
Per my post on Nov 6th (link below) – today marks the end of the latest 89 day Fib Cycle – and Gold appears to be responding right on time, breaking higher today. In my previous post I stated:
To confirm the upside breakout, and potential upside target of about $1,500, we would next expect to see the Neckline area reverse its purpose from resistance to “support”, which is exactly what has occurred since the August breakout (green circles).
As long as that continues, the only ingredient left is “time” – and would you believe it, as shown by the (purple) Fibonacci Time Zones, the latest 89 day cycle is set to end on November 17, 2017…just days away.
Great call there RTV.
Great chart
You nailed it RTV
amazing…