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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,561.19
(
-2.98%
)
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techcharter

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techcharter

Re: None

Monday, 05/12/2008 8:31:26 PM

Monday, May 12, 2008 8:31:26 PM

Post# of 51808
Golden Triangle.

Gold has already made what looks to be a double zigzag correction from the all-time highs. The rally the last few trading sessions looks a little choppy for a motive wave. I'm leaning toward wave d of triangle nearly completed. Wave e's target would place the bottom in the $825 area. The motive wave following a triangle in a commodity is usually an exponential explosion. $2000 / oz is realistic.

http://stockcharts.com/h-sc/ui?s=$gold&p=D&yr=0&mn=6&dy=0&id=p75635173805
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