Web Statistics Gold Chart - The Gold Chart update

Saturday, 16 February 2013

Gold Chart - The Gold Chart update

We have been keeping an eye on the gold chart as of late. As you can see we have been in a massive downwards channel that has been holding very well.

The gold chart has a bottom projection target of the  high 1500's and we nearly hit that on friday after a rather significant sell off. This week gold sold off significantly, but there could be more downwards coming.

There are no buy signals yet, and we are of the opinion that gold is soon going to be a very good BUY soon.  One must be careful NOT just to buy right now, as there is still room to move on the downside, and the signals that sentiment trader is getting is just to be patient here, because most good traders know that on the market patience can BANK you alot of coin.

gold chart
gold chart - the latest gold chart




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