By David Banister via The Technical Traders (Guest Post)
Gold hit $1805 tonight in trading, a Fibonacci Fractal figure I gave out a few weeks ago as a possible top. We are close to a near term high in Gold and Investors should be trimming back positions on this run. Back as recently as $1600 an ounce I forecasted a run to $1805 for Gold using fractal and wave analysis and behavioral patterns, now that we hit that figure it’s time to update the cycle and where we are. Here is the Chart I did at 1599 gold on July 22nd: I have been a Gold Bull since November 2001, having conducted seminars…
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