www.freestockcharts.com http In this video, I look at Gold and show why $1500 is potentially the next level of support using Fibonacci Retracement. There are going to be many levels that act as support/resistance along the way to $1500 and the 1.5K mark is using a 161.8% fibonacci tool from the 2000 low and the 1029 high which was the last major resistance. If you take those same lows from 2000 and the 2004 highs. Then the move to 700 was a 238.2% retracement. This type of information is telling us that gold can break out past 161.8%. However, because the last move from 700 to 1029 worked out at the 161.8% level, that is why I am using this fibonacci tool with the 1029 high.