higher low in HUI and XAU for Senor would be the signal that at least an importante trading bottom is in place. That could happen new few sessions. BS all the way.
Senor
"Ideal" gold and gold stock scenario
Started by
senorBS
, May 13 2004 08:43 AM
3 replies to this topic
#2
skott
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Posted 13 May 2004 - 10:20 AM
we do need a close above 377.70 GCM to confirm a move higher for gold. dollar is still in uptrend for now and needs at least a close below 91.34 to signal any downside....so we could get more down in gold/goldstocks.
Scott
#3
senorBS
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Posted 14 May 2004 - 10:36 AM
Update: Gold yesterday did make a new closing low without the gold stock indices-the first important "step" to a potential meaningful "trading" low. BS as usual.
Senor
#4
stockbucks_coffee
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Posted 14 May 2004 - 01:43 PM
any chance the xau/hui got the 3 waves down from April? and the plunge last Friday was a 'false' breakdown of the last and 3rd support? a corrective wave back up is still considered (or best case, a IT bottom.) SC.
