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In his book "45 years on Wall Street" W.D. Gann states that 10 to 14th of October is an important period to watch for trend changes To the day gold and gold shares started to go down on 10-Oct-02. In the same book he states that "if the price retraces lower than 50 % of the absolute...

Well, I think the relationship between Gann and Fibonacci is pretty clear. 3/8=37.5 Close to Fibonacci 38.2 % 5/8=62.5 Close to Fibonacci 61.8 % Etc.