Revisting Gold

Last Tuesday I got out of my Gold position (@963) because we were getting close to the top of the wedge and I wanted to take profits and then see if I can get in cheaper. Below is a closeup of what has happened since then:

We are exactly at 38% retracement (profit taking?) It will be interesting to see if we break this level. If so, 948 is the next price to look for. I may try to use Bob Iaccino's technique of looking for a 4 hour close below or above to help determine the next move.

Before the end of Sunday, I will check the MACD and Bollinger Bands.