Thursday, November 30, 2006

Spot gold -commentary

Dear readers,

Spot gold reached the head and shoulders target.

On an Intraday basis I see significant resistance at 648$ , In addition my Elliott wave count Indicate that gold have completed or is very near to complete a 5 upward wave pattern. I conclude that pullback is likely from here but not lower then 590$.

spot gold intraday chart

No comments:



Gold Global Perspective Feed

AddThis Social Bookmark Button AddThis Feed Button