- Gold Trading | September 20, 2016
From the 2011 high, a downside correction emerged in gold prices. According to traditional Fibonacci theory, the 2011-2015 pullback did not harm primary uptrend in gold prices. That means the gold tide remains bullish. Pullbacks in the tide are waves that could be used as buying opportunities. If gold takes a short-term hit, this could offer a “wave” within the tide.