Tuesday, 4 January 2011

Gold

3rd piercing of the bollinger band,I still favour a correction (triple top at double the autumn 2009 700 low ?) but if we break back above 1420 this will be a successful 3rd attempt.There is a 10 year cycle kicking in this year from the lows in 2001.

2 comments:

  1. What's the significance of the 10 year cycle?
    http://instigator928.blogspot.com/2011/01/gll-scalp.html
    Thanks!
    Jordan

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  2. ordinarily a 10 year cycle from a low would signal a top of some significance....

    ReplyDelete