The momentum of gold of the last 6 weeks is not a lovely movie to watch. I think, it is absolut possible to see fibonacci-retracement at 1120 us-dollar round about. on the other hand hui-index isn`t following gold down move strongly. since november 14th, hui is holding his level. it is really hard to estimate december, or the next 3 months for POG. Is hui a sign for recovery of POG or POG a sign for hui for next pullback? Hard to find the answer.
Let`s hope, POG is not straining patience to much
regards
Auge
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