yep nice bounce today in gold, some some it's Because of
Bernanke - but again most of the time I've of the opinion that
charts just play out and the news is only an excuse.
As I showed, the RSI was the most oversold in history on GLD
last wednesday, so it was due for a bounce
also under this weekly wave count, gold needs a bounce as a wave
(b), so maybe this bounce is that.
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Gold Futures 60min Chart
Posted by rixx on 26th of Feb 2013 at 11:19 am
If Gold can break and hold above resistance at ~1610, sets up potential for a rally to ~1660.
yep nice bounce today in
Posted by matt on 26th of Feb 2013 at 11:49 am
yep nice bounce today in gold, some some it's Because of Bernanke - but again most of the time I've of the opinion that charts just play out and the news is only an excuse.
As I showed, the RSI was the most oversold in history on GLD last wednesday, so it was due for a bounce
also under this weekly wave count, gold needs a bounce as a wave (b), so maybe this bounce is that.