XAUUSD - GOLD : Still following the ABC Retraction Wave.

٢٧ يناير ٢٠١٥

Maybe point A of the retraction wave is too low and it bounces of the 1279 support to go to point B before dropping to C. If that is the case then I think point C will be near the 0.764 fib level instead of the 0.618 fib level.
We will have to see!