Monday, November 06, 2006

Spot Gold chart analysis

Dear Readers, Few short notes.

1) October low is higher then June low.

2) Inverted head and shoulders pattern is in place (price objective =~642$)

3) Areas of resistance = 644$ - 648$, 676$, 730$.

4) Today's minor pullback is uptrend constructive in my opinion.

See also Platinum charts analysis, below is 8 hours intraday (24 hours) Spot gold chart.

Spot gold chart

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