Friday, December 29, 2006

Spot Gold Chart Update

Dear readers,

The year is coming to an end and volume is low , meanwhile gold managed to retrace to the 61.8% Fibonacci line of the latest 38$ correction. An up to date intraday chart with Fibonacci lines is posted below.


5 comments:

Aaron said...

Does that mean that a retest of 611 is coming in the next few days/weeks?

Anonymous said...

No, a retest of $ 649,88 and a breakout above.

aaron said...

611 and then some!

where to now?
Crude to $33?
hmmm....

probably means it's that time again....
time to start buying.....

Anonymous said...

"No, a retest of $ 649,88 and a breakout above."

I wrote before.

It's now here and now, spot just hit $ 658! So what if it went down before to $ 601, its a setup for a "bullish catapult"!

Mild Seven said...

Excellent blog! I've found it very informative.

I keep a blog about gold, and I think my readers would find your blog very useful as well. I will add you blog to my links list. If you feel my blog is suitable, please link back.

http://the-gold-market.blogspot.com

Regards

Paul

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