Friday, February 10, 2012

GOLD Update

August 23, 2009 by · Leave a Comment 


I showed a long term chart of Gold recently http://4.bp.blogspot.com/_TwUS3GyHKsQ/SoH9jd8rYhI/AAAAAAAABW8/FLjXOz-TYe8/s1600-h/Gold.png where it was perhaps forming a large Primary wave [4] triangle pattern.
There is a chance that triangle pattern could actually be a running-type triangle in which the (B) wave is higher than the peak of the preceeding high.
My target for gold is about $1085. Then it should sell off again.

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