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
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2 comments:

  1. bubble_watcherThursday, August 31, 2006 4:39:00 PM

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

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  2. AnonymousSaturday, September 09, 2006 2:29:00 PM

    Hey,

    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

    ReplyDelete