Very strong support in the 840-850 area. 200dma, previous...

Very strong support in the 840-850 area. 200dma, previous support and resitance as well as the 38.2% fib for this move. If gold slices through here she is one sick puppy! It's quite amazing puting fibs on the gold chart because they all correspond with significant and well known support levels. The 50% is sitting just under 790 and the 61.8% is sitting just under 730. My bet is we will hit 790 before the next leg in this gold bull commences but that doesn't mean we wont get a good bounce from the 840/850 area before hand.