#OPINIONLEADER#
LONG TERM TECHNICAL ANALYSIS ON GOLD!!!
The decline off the June high looks to have a completion and a recovery may be in appropriate. The GOLD registered a low at 1794.30 in this early trading week with a retracement rally to the upside at 61.8% fibonacci extension to a near term resistance at 1833.03. A daily close above 1912.50 is needed to validate the bullish trend to 2077.05 resistance level. Alternatively a daily close below 1912.50 will move price back to 1764.71
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