Tuesday, September 20, 2011

Few Things

Update: ii. is axed, that trend line just broke.

A few things with gold on the hourly chart. I extended the chart out 100 bars so as to allow you all to use a little forward thought

i. Looks like a head & shoulders pattern has appeared again

ii. The price has been respecting the upper boundary of the trend and a trend is your friend...until it isn't

iii. The moving averages appear to be rolling over.

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