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[VolPivots]

Though we're roughly sitting on the 50% retracement level of the entire advance, the bulk of the evidence continues to suggest more downside (i.e. the dollar rally is incomplete for starters). My guess is we're shooting for the green line, roughly coinciding with the 61.8% fib retracement level. There's also the outside possibility the 78.6% level will come into play, but I'd anticipate some sort of corrective rally prior--it'll probably be a doozy.....just not there yet IMO.

XAU

[thakid]

If its going to rally i think we will see a little basing action first. TKD