Thursday 21 April 2011

Short Gold- double tops






























































This post should be viewed from the bottom chart upwards. There is major resistance ( long term RL seen in lowest/bottom chart in yellow) above the market 1509 to 1511.00
Please note how i mark a upper and lower reaction line (dotted) for every central RL in the chart . You can prove this yourself. First objective is a test of 1500.00 which has just held.
These charts are simplified & stripped of all indicators and studies for greater clarity.
Commentary to follow-----

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