Thursday, 6 December 2012

Gold 061212

Gold


Let's zoom in onto gold..it has formed a bearish pattern ( those play tech analysis long enough should know). With this a break down will see further downside of gold 1681 or 1665?We shall watch for signal to short. :)

I would like to add on that if this pattern failed, we might see a push up of price to about 1702 - 03 which we might see some reactions there. And this might be the wave 4 of this entire wave count i shown in the figure above.

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