GC One Hour: +4,406 Ticks to Fibonacci Extension Gold FuturesCOMEX:GC1!JoshuaMartinezThe GC one hour time frame has an up Fibonacci with an extension price point 5063.4 about +4,406 Ticks above. The market is moving from a high price to a low price. It will be a good idea to look for long ideas as long as the market does not take out the one boundary price point 4306.3 Entry: Counter trend line break bullish ideally at 4663.8 or better (That is when reward is larger than risk) STOP: 4282.9 LIMIT: 5063.4 Another entry idea: If the risk is too larger off the one hour time frame. It will be a good idea to turn to the five minute time frame and look for long ideas with less risk if the market is in the buy zone.