padiyara

$GOLD Resistance at $1200 ,will come further down

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
1
$GOLD Resistance: $1200
Support:$1117
The drop is supporting near 0.618 retrace level
where it can make small pull back, but it has to come
down further for a console.

My best prediction on gold was in late 2006, when gold corrected to 542,
Adrop of nearly 194 points in june that year.so I could calculate a 2.618
Retrace,and the top was 1032 in march 2008. Those days I was very active in
many fanatical forums like yahoo Google groups,posted my views there.
Comment: Reached to first support levels
Comment: $1117 is 0.786 % retracement acting as a support.
Comment: The pull back from the support level as expected coming to an end.
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