Tuesday, January 03, 2006

Gold 60 minutes chart

Many Traders and Investors are waiting on the sidelines to get into gold; some of them are waiting for a better price or got stuck with the wrong Elliot wave count. This is exactly the reason why we aren’t likely to see any correction soon. The climb from the 489 $ bottom is very strong and a nice triangle pattern was built. Gold might register a new high very soon.

Click on the chart below to enlarge.




gold spot chart

1 comment:

emini trading education said...

Enjoyed reading your blog.

Regards,

Active Daytrader
emini trading education
http://www.daytradingcourse.com

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