Tuesday 12 October 2010

Gold (spot)

Short Gold
I expect to see a sharp drop back to test 1300.00 and have a suspicion that we may have "peaked" for the moment at least at the 1364.50 level.
What is also fascinating is that the reaction line web defines price perfectly ( hi's & lows) and is based on the corrective swing in May 2010 and another the e/o July 2010. For me something has changed recently and Gold now looks a bit toppy

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