Gold testing Fibo resistance
As noted earlier, the 50% retracement of the $1225/1044 decline comes in at the $1134.75 level. The high so far? $1135.30. A close above would be quite bullish and could be a sign that the dollar rebound is losing steam. Maybe. If old correlations hold up…. A big if, in a brave new world of sovereign debt crisis…

AUTOREFRESH 













Jamie, You know I always like to look for patterns…..do you know it seems to be that Gold is always up leading into the ECB every month, well at least since I have been watching for a possible connection for about six months now…fwiw.