Thursday, 23 August 2012

I'm really undecided about gold at the moment but just wanted to point out we are overbought at resistance and are one year from the first of last year's double tops.So I think we pullback here but whether that provides a buying oppurtunity I don't know yet.I still think the 200 dma will cap rallies for a while


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2 comments:

  1. jonathan davis24 August 2012 at 10:29

    gold took off last year too just before the big stocks sell off, then came back

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  2. Chartrambler24 August 2012 at 18:47

    Interesting,thanks

    ReplyDelete