2009-09-03

Gold 4h

Brown line is the massive triangle from daily chart. It is clearly broken now. We even had small test today. Now, the price is stopped at what could be a resistance just before $1000 mark - the resistance is from daily chart.

Now we may *hope* that gold will test the triangle again, so we may buy a speculative possiton.

For those who have no any gold possitions, I recommend they to something about it.

Disclosure: No speculative possition. Sold very small MFN possition today @ 9.70. Looking to buy it back next days @ 9.00 or even at 8.50.

P.S. Daily chart can be seen here:
http://nmmmnu.blogspot.com/2009/09/gold-1d-and-4h.html

No comments: