The way I see it, because of the seasonal strength in gold, a new high will be printed soon in September. There will be time to enter long after retrace to the 1780-1800 area for the 1940-1960 target, which is expected to be delivered by the end of September 2011. And Prices are investigating above the 76.4% Fibonacci extension level at $ 1856.98 to challenge resistance Andrew Pitchfork at $ 1880.44, with a break above that exposes 100% extension at $ 1898.36. The short-term support line rises at $ 1831.38 as 61.8% Fib.


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