Tuesday, August 21, 2012

GOLD breaking the wedge

GOLD Daily: Breaking wedge. Looks bullish...

UPDATED on 22-Aug-2012: Looking to break lower. 6 continuous UP daily long candles. Stochastic over-brought as
well. 1605/10 might be good to go long..


  1. Lets wait and see if the buyers will be able to follow through....If i am to buy, I will wait for a pull back to 1620s zone and buy...but havent been trading mental coz of the price action, its been all over the place

    1. You might be in for a reversal. Its been 6 daily GREEN candles. I dont remember when it had happened with Gold. But 1605/10 might be good for long. Chart updated.


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