Continuation on my April 23 pist on Gib retracement..this is on gold.
The AB rebounce moved passed not only 61.8 but also beyond 78.6 indicating a bullish that it is expected to penetrate the resistance at A. Currently prices are govern by the BC upthrust and the correction is st 38.2. As long as the correction did not ho beyond 61.8 uptrend in gold is still intact.
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