This is for the final update of date 2012.11.28 even though it's already Nov 29 (my time)
The last candle in my 4H chart shows that bear power has diminished. Even though it go back downside once more, I think the 50% fibo will hold that. and if it breaks that fibo support, there are still the main uptrend support (white line) and the 61.8% fibo line. Beyond that we will see 16xx area. Hard to believe it would happen, but as we already seen, surprises happened. So, just keep on your MM strictly.
Technically, I see gold will have 1713 - 1735 as its playground for a while. More likely it will begin a sideways around 1716-1723 first. Let's see....
Well trade friends....
GG - 2012.11.29
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