AI
Sunday, April 25, 2004 3:05:14 PM
Gold Charts say "Breakout" coming soon
I could be wrong, but it looks as if once these current levels are retested we may get a very nice move to the upside and through the double top at the $430's area. May-June $450? End of year $480? Maybe....
Double bottom at 388-390, tagged the 200DMA. Look at the move last time this hit the 200DMA (nearly 100pts in 6 months)
Strong support at this level from Oct '03
Same here pretty much although I do not believe it holds as much weight as the $HUI for the simple reason that it's mostly hedged whereas $HUI is unhedged
I could be wrong, but it looks as if once these current levels are retested we may get a very nice move to the upside and through the double top at the $430's area. May-June $450? End of year $480? Maybe....
Double bottom at 388-390, tagged the 200DMA. Look at the move last time this hit the 200DMA (nearly 100pts in 6 months)
Strong support at this level from Oct '03
Same here pretty much although I do not believe it holds as much weight as the $HUI for the simple reason that it's mostly hedged whereas $HUI is unhedged
**Happy Trading**
Your Economy #board- 1948
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
