Previous call was based purely on ratio and proportion of both time and price from previous two highs in the medium term trend line and it was pretty close. Timeline for the top would actually be December 12 which is this Saturday, so who knows, maybe the short term top isn't in but the price objective was met.

Currently the Fib retracement is the following

2.43 bottom / 4.13 top -

38.2% is 3.48 which we bounced off on Friday when gold went over the cliff

50 % is 3.28 - close to the 3.30/3.31 support and in a couple of weeks will be the 50dma if the trend continues

61.8% is 3.08 - also the last breakout off the 50dma range and on the 60 minute chart, the Novemebr 16 volume breakout was the end of hourly volume declines from as far back as October 9.

The settings I have on the 60 minute chart on the ROC, Slow STO and RSI are in oversold territory similar to the levels experienced at the 2.43 bottom but I think we're in a minor wave which may not produce the same short term upside as the run to 4.13.

Also, from a casual observation, a perfectly straight line marks the tops 2.56 end of May, 3.30 beginning of Sept and now 4.13. A break above this could be the moment we've all been waiting for.

There's a gap between last Thrusday and Friday's trading in the 3.85 - 3.91 range. A big volume day, Hinge 43101 release and good gold day could get us to 4.53 pronto.

Then again we may trade in the 4.13 to 2.43 range or fall to 57 cents.