Pullback to 127.2% Fib - now higher

I’ve charted my views on gold for a long time. Price got quite close to the 161.8% extension move effectively from the top of the IH&S to the bottom. From there we’ve not pulled back and tested the 127.2% extension twice with it holding. This is a good area to buy and look for the next leg higher (1600). Below 1470 invalidates and it will move back to the 100% line (1370ish).