With the Precious Metals and XAU internals still lethargic, the expectation remains for a challenge of the $1525 level.
Fib
Gold
Started by
fib_1618
, Mar 31 2013 01:58 PM
5 replies to this topic
#1
fib_1618
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Posted 31 March 2013 - 01:58 PM
Updated chart through Thursday.
With the Precious Metals and XAU internals still lethargic, the expectation remains for a challenge of the $1525 level.
Fib
With the Precious Metals and XAU internals still lethargic, the expectation remains for a challenge of the $1525 level.
Fib
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#2
tria
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Posted 31 March 2013 - 02:47 PM
I believe more bottom testing of the recent range (1560-1620) is in store for the next few days.
I will be pleasantly surprised if Gold breaks higher soon but I do not expect it.
-tria
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#3
Sentient Being
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Posted 31 March 2013 - 08:09 PM
Thanks for the chart. I'm on the side still waiting to get in. My buy stop is still in place but This sideways going nowhere action isn't hitting it. I'd have to think the gold bulls are getting very discouraged.
In the end we retain from our studies only that which we practically apply.
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~ Johann Wolfgang Von Goethe ~
#4
tradesurfer
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Posted 04 April 2013 - 05:53 PM
Will 1525 hold firmly as support or will it be violently broken ???? (essentially putting a major long term pause on the gold bull market if it does) ... Inquiring minds want to know...
#5
dougie
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Posted 05 April 2013 - 02:36 AM
lo[nger term 1300 looks boutright
#6
tomterrific14
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Posted 07 April 2013 - 12:06 PM
lo[nger term 1300 looks boutright
Only if the 57 level is take out in the weekly chart of Gold to the basket of currencies that make up the Dollar index.
http://stockcharts.c.......s=$gold:udn
