2010-12-02

Gold chart and so called H&S

First about so called H&S - Gold raised to 1396.60. This invalidate the H&S formation, because left peak was only to low 1380 area.

Currently the blue channel is in play. There are additional smaller channel in brown.

However, I am certain than those channels will be broken and price will go higher than the channel top, but there are no technical evidences for this scenario.

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