Interesting thoughts !!!
Wound up shorting gold today, not being too trusting of much else.
Figured if the market dropped again, it would be a safer trade. Anyway, did ok but nothing to write home about !!!
I didn't work out the number but it looks like gold was trying to bounce off of about 1645 around 3pm and that looked like it was pretty close to your 61.8 fib number on Thursday's chart. So, that's where I called it quits, and was a good spot as it went back up from there !!!
I have no clue where gold will go from here but there is a lot of room on the chart for it to get back to where it was !!!!