GOLD IN THE 21st CENTURY
In order to verify the importance of the 1364 area, we have one other LONG TERM TREND INDICATOR and that is the FIBONACCI 89 month moving average. We’ve used and shown this chart before.
When gold is above the 89 month moving average, the long term trend is bullish. When it’s below the average, the trend is bearish. Look how price has been rejected the last three times we hit the moving average. Note how the moving average is at 1366. When we remove all opinion and c
