Thursday, 1 March 2012

Gold..Double tops=Double trouble

Various templates and time frames all carrying on from yesterdays post ( failed fork). There is a double top here but i do not expect a break below 1700 yet. CL Objectives are approx 1678 then down to 1600 and 1580.. Thats a big ask and only a full blown reversal would see this sort of levels. I am undecided but this recent formation has been a long time coming so expect further weakness but watch for a break above 1729/1730 which would indicate perhaps a resurge of energy upwards. ( see below)

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