Monday, November 28, 2016 4:38:46 AM
Spot gold in 2006...part 4...
As 2006 comes to a close...spot gold has been gyrating in a pullback pattern, finally begun after the giant surging from the 540 area to 728. a gain of 190 dollars, remember Gold used to be at the Mother of all bottoms in 2001 at 270 dollars. now it surged in 5 years , to 728. It is trying to resettle itself around 600 area,and runs along the 50 ma. But still lurking below is the 200ma where I'm waiting to see the greater pullback retest That target around 450/485 area. Do folks have their sights set upon 800? and heaven-forbid....1000 Gold ???
Pullback target zone 500-450
As 2006 comes to a close...spot gold has been gyrating in a pullback pattern, finally begun after the giant surging from the 540 area to 728. a gain of 190 dollars, remember Gold used to be at the Mother of all bottoms in 2001 at 270 dollars. now it surged in 5 years , to 728. It is trying to resettle itself around 600 area,and runs along the 50 ma. But still lurking below is the 200ma where I'm waiting to see the greater pullback retest That target around 450/485 area. Do folks have their sights set upon 800? and heaven-forbid....1000 Gold ???
Pullback target zone 500-450
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