Thursday, August 31, 2006

Spot Gold daily chart

Gold broke down from a triangle pattern but the downside has been pretty poor – the bear trap scenario might be in play (browse the archive for more details). Bear side speculators must be disappointed and might soon suffer great loses.

Spot Gold daily chart


bubble_watcher said...

I'm definitely bullish on gold here. Silver has also had an upside breakout as well.

Anonymous said...


Lots of people are calling the oil to drop to 60$. Watch out for those levels. Gold shud act in equivalent proportions.

Fed news on 15th will be a piece to watch out. And 9/11 anniversary also..lets see if uncle osama has some deadly plans.

Aparts Bush seems to want a calmer world now. End or war shud mean end of gold rush



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