Thursday, October 2, 2008

GOLD RISING WEDGE, reprise


I enlarged this, a bit for betting viewing. LOL but it didnt work, so please click on the image to enlarge it.

I think it was a RISING WEDGE as it occured at the top of a rise, and since gold is in the 850's as I write this, this would be logical. Meanwhile I expect the fall in gold to be temporary as per my UPDATE, but I dont as yet, and might never have a downside target. For the exact timing I tend to lean on my mechanical indicators.

Have fun Ya'll,

DG

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