Monday, 20 January 2014

Gold...Where next ?

The jury is out with me atm... 1179 certainly seems like the line in the sand, the trend is down so currently my bias is short.. shape and form might suggest a descending triangle ?or it stays above 1179 and starts to build longs ?... there doesn't seem to be any conviction though in the last five weekly bar closes..
In the smaller TF's interesting balanced waves of buying and selling have started which is always a good sign and it might project up to the daily TF next..So If it can stay above 1250 i would think next stop is 1275..
Then after ?.





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