Saturday, October 1, 2011

A breakout for GOLD

Be aware of the triangle formation there... A break out will occur most likely. The bear show a positive gain against bulls:






The consolidation formed after the 38%.2 retracement of last week high.

1 comment:

  1. After a bullish triangle breakout, price is testing the 38.2% fib retracement. Penetrating that level will push Gold further above, otherwise, this is only a correction for Gold downside since last two weeks high. Bearish momentum will push the green buck further and we will see more buying.

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