Tuesday, May 08, 2007

Gold Charts

Technically there is not much change… The uptrend on the daily chart is intact.

COMEX June gold (GCM7) daily chart- the price is still between the 50 %( 672.50$) and the 61.8 %( 695.8$) Fibonacci levels.


COMEX gold

















CBOT June gold (ZGM7) intraday (120 minutes) chart – the price recently bottomed at 670.1$ and again at 684.1$ today. Bottom to top and top to bottom short term Fibonacci levels are added.

CBOT gold
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3 comments:

  1. troyTuesday, May 08, 2007 6:07:00 PM

    Note: FOMC policy statement Tomorrow at 14:15 ET .

    ReplyDelete
  2. AnonymousWednesday, May 09, 2007 9:23:00 AM

    Well, Gold so far is near yesterday's low... I posted a note on Tony's website yesterday that I feel if equity market don't move up, maybe gold will not follow through the upside yet... What's your thought?

    Frank

    ReplyDelete
  3. troyWednesday, May 09, 2007 12:51:00 PM

    Frank, I guess that if we have enough patience the market will always answer our questions.

    When in doubt stay out.

    Don’t fight the FED.

    Don't bet the farm.

    ReplyDelete