A break of either 1550 or 1640 should lead to a big move.
As you can see in the chart below, mid August till late February tends to be a good period for gold. So, I think a break above 1640 is more likely than a decline below 1550. But we'll see.
Monday, August 20, 2012
Gold ~ Update ~ 20 August 2012
Nothing has changed since my last update. Gold is still between 1550 and 1640:
A break of either 1550 or 1640 should lead to a big move.
As you can see in the chart below, mid August till late February tends to be a good period for gold. So, I think a break above 1640 is more likely than a decline below 1550. But we'll see.
A break of either 1550 or 1640 should lead to a big move.
As you can see in the chart below, mid August till late February tends to be a good period for gold. So, I think a break above 1640 is more likely than a decline below 1550. But we'll see.
