Joe Friday…. Gold a safe haven for the Fiscal cliff?

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Gold has had a great run for the past decade and nothing at this time is reflecting that the run is over with.  Fibonacci did slow golds strong rally back in 2010, as Gold stopped on a dime when it hit the 261% extension level at (1) above.

The support line of the decade long rising channel is being put to a big test at (2) right now. 

The price action of Gold recently doesn't seem to reflect that Gold is really concerned or being a safe haven for the fiscal cliff!

 

 

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