Saturday, January 28, 2006

Gold Wave count

This week gold didn't do much in terms of price but it proved itself comfortable at current levels. The USD Index had a good week so the gold performance in Euro, Yen. Etc was actually better. (Usually there is no need to pay much attention to the managed Forex casino)
I have annotated a daily gold chart with Forks and wave count covering the start of the second wave.

Click on the chart below to enlarge:

Gold Wave count

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