Gold

Looks like we may head down to retest the  0.618 retrace or maybe to support at 1480. Gold ha s respected the Gann numbers before (720,1080 etc) and were we to reach 1440 ,which is also a 25% decline that should be strong support.The risk in gold seems to be from a stronger dollar and possible margin liquidation if we get a panic sell-off in stocks.Longer term the fundamentals remain firm as the underpinnings of fiat money continue to deteriorate