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.

1 comment:

  1. 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.