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"We previously stated that gold might have entered a steeper rate of ascent in line with a suggested new channel marked by the two dark blue lines (refer to chart in article), and that the orange channel might therefore be broken and left behind.
That may be precisely what is happening, as gold slammed through the upper orange channel line. We are looking for a short-term correction of 6-10% from around $1200 +/- 2%, followed by a rise to around $1400 or higher in the spring of 2010."
http://thedailygold.com/
http://thedailygold.com/chartstechni...alysis/?p=568/
That may be precisely what is happening, as gold slammed through the upper orange channel line. We are looking for a short-term correction of 6-10% from around $1200 +/- 2%, followed by a rise to around $1400 or higher in the spring of 2010."
http://thedailygold.com/
http://thedailygold.com/chartstechni...alysis/?p=568/