freddy123321- I know what your are saying but 900 would also put gold
well below these long term uptrend lines. Your 900 price
level basically comes in at a 61.8% Fib, that's quite deep for a
bull market retracement
anyway here's the monthly chart I posted a while back, I had
noted that the MACD crossed down. AT the bottom see the 14
Stochastic, notice how it has been above 50% since 2001, except
during a brief under cut in 2008. That 50% level is coming
up, keep an eye on that
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
freddy123321 - I know what your
GDX - Has an A-B-C pullback on 60Min chart...
Posted by matt on 3rd of May 2012 at 12:34 pm
freddy123321 - I know what your are saying but 900 would also put gold well below these long term uptrend lines. Your 900 price level basically comes in at a 61.8% Fib, that's quite deep for a bull market retracement
anyway here's the monthly chart I posted a while back, I had noted that the MACD crossed down. AT the bottom see the 14 Stochastic, notice how it has been above 50% since 2001, except during a brief under cut in 2008. That 50% level is coming up, keep an eye on that