2010-12-07

Gold charts

Gold 1 day
There is no real change here, price target is very high - @ 1,470's.

Gold 4h
On 4h chart we see how the short term blue channel is broken (it is parallel to the blue channel in the daily chart), and currently the brown channel is in play. Target there is in low 1,430's. After that we will see "small" correction to 1,400's (currently is ~1,404). The "upper" blue line may act as support too, but at the time of the correction I believe it will be "lower" that the brown line (current projection is ~1,405).

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