Look closely last summer 2012 chart from May to August. A long
healing process after sharp decline. Tops about 1625 and bottoms
about 1550. You could make a living trading the range many times. I
started put position at 1620 on GLD yesterday. Still watching
Commercials too.
Gold setting up possible Fractal ?
Posted by rbreese on 27th of Feb 2013 at 09:02 am
Look closely last summer 2012 chart from May to August. A long healing process after sharp decline. Tops about 1625 and bottoms about 1550. You could make a living trading the range many times. I started put position at 1620 on GLD yesterday. Still watching Commercials too.
i think gold has bottomed at 151...
Posted by morton13 on 27th of Feb 2013 at 09:09 am
it could bounce back down but i dont believe it will go lower than the recent low.