recently we've had a triple top around $942 where the price of gold encountered resistance and retreated. This indicates that we are probably in store for a correction or some consolidation.
There seems to be good support around $875 which matches the first fibonacci number, also the low from a couple of weeks ago prior to the recent rise and also the accelerated trend line. If we stay above this, the accelerated advance is intact.
I think its more likely to bounce off another line of support around $850 which matches the second fibonacci number, gets support from the early November price peak and the longer-term trend line.
