2009-03-26

Gold chart

Gold chart from Doug Gnazzo, I hope he will not mind that I post it here.

My comment:
We have a triangle, very bullish sign, but price may fall to $87.50 (~$885 in gold terms), before the raise begins.

However, if you going to participate, I think you should establish a possition at current prices - e.g. BUY NOW, and NOT WAIT the fall to $890 area. After that if price fall to $890 area, it could be used to add to the existing possition.

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