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Spot Gold for the week of Dec 8th

Started by Guest_chartsedge_* , Dec 07 2003 11:44 AM

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4 replies to this topic

#1 Guest_chartsedge_*

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Posted 07 December 2003 - 11:44 AM

This chart is one of my trading maps that I use to make decisions on entry points and whether I will trade Equities or Gold during a week.

This is the chart for last week:

Posted Image

While it is unusual to hit the close exactly, the general trends are usually quite accurate.

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#2 fib_1618

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Posted 07 December 2003 - 05:35 PM

Welcome back Merlin. It would seem that the crystal ball doesn't see the Fed raising rates next week, and with a $10 move, no tightening bias will be stated either. Thanks for the charts...try not to be a stranger. Fib

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#3 Guest_chartsedge_*

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Posted 07 December 2003 - 07:34 PM

Thanks fib. A whole new look to this site. I don't know if I ever explained this, but these charts completely ignoe fundamental influences... it seldom gets in the way.

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#4 mss

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Posted 07 December 2003 - 09:11 PM

Thanks for the GOLD charts and glad to see you back also.

mss

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#5 Guest_chartsedge_*

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Posted 09 December 2003 - 07:16 AM

Yesterday was right on the mark with a runup to 409 and the ensueing drop back to 406... Overnight gold made it back to 409, it looks like the markets are not interested in waiting for any of Greenies news today... Run it on up... COOL

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