Thursday, May 14, 2009

Chart Posted, you know how to read it

Its enuf to make you cautious about going long.


Good Luck


1 comment:

MontyHigh said...

Sorry, i don't know how to read it. I see bullish factors mostly:
o Above the moving averages.
o Trending higher.

The stochastic, which I don't ususally use, looks overbought. Its up against the 20 bollinger band, but gold can do that and stay there for quite a while if you look at it going back.

Finally, there is the yellow line. I have no idea what that is.

So, what's the next step for me learning more?