April 26, 2013

GOLD Reacting from broken support line

  • Gold daily chart reacting negatively from the broken support line.
  • Four hour chart shows up move pausing at Golden ratio.
  • channelized up move of four hour chart also looks like  a bearish Flag pattern.
  • All the negatives mentioned above will change if price manage to close back into the channel of daily chart from where the correction started.
By at

1 comment:

  1. UnknownApril 26, 2013 at 10:49 PM

    Yeap, keep charting manipulation. ASIA on Holiday April 28 - May 1. Friday perfect low volume day to flush the paper Market. Gold will be over $1800 by December, We would be there now if not massive Central Bank intervention on daily basis.
    I'm buying on dips rater selling all time lows on GDX.

    ReplyDelete

Subscribe to: Post Comments (Atom)