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Re: stack post# 16

Wednesday, 12/08/2004 8:10:23 AM

Wednesday, December 08, 2004 8:10:23 AM

Post# of 8752
Don't expect it to last long as the Gold parabolic trend remains in tact:

Feb '05 gold futures contracts:


Live chart (Feb '05 gold):



If the parabolic trend were broken, then the absolute max pain line at 435 would act as major support in a climactic pullback. My next upside target is 482, at which would be a sell spot or take some off the table spot for a pullback, not here under 450!

Volatility in gold will be great to close out the month and to start '05.



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