Gold again! Update of 24 December 2009

Now that Gold has staged a smart recovery from the lows, [ and is likely to close the week above 1100 ], I thought it will be instructive to post how one should have traded this final fifth wave. As always, you will find the comments written on the chart itself. Briefly, one could have used a 50-61.8% retracement to go long, and placed a stop below the prior low. More on the chart of Gold. Enjoy!