RE:CarbonBull...you obviously know nothing of TAI did not profess to be a TA expert , which in my opinion is the same thing as an investment idiot . i simply noted a fib retracement level which was accurate. whether you take the number off of an intraday low or a close or an average doesnt matter , trading Algo's are programmed to fade Fib retracement and even run stops based on Fib's. the pendantic observation of exactness does nothing to add to investment gains. if you are a gold bull then this is a great entry point as stated . if you are a technical trader a lot more work needs to be done and a position only valid across at least 10 unrelated securities with an overlay of money management and rigourous analysis on stop loss positions ,,,, having built a 800 million dollar quantitative hedge fund leveraged 20 to 1 long/ short across multiple asset clases , i can affirmatively tell you that the edge technical analysis used to provide has been supplanted by speed , technolgy and Algo's ....dont know of any fund making a living practicing the old and ancient Art of TA...... it is at best a tool in a tool box that needs fundemental conviction to work.