Tuesday 30 April 2013

And gold...

I haven't been posting on gold for a while. There is too much chatter on the PM but now that the uptrend is being established I can see a clear picture in the short term. 

After breaking the "closely watched" 1525 level, it formed the not-so-steep declining red channel. I think it will test the 1525 levels in the next 1-2 months period.


The uptrend is more or less established in the short term. From the looks of the green channel, 1442 level will be the point to hop on to the long bus and this channel seems to be a good candidate to take us to 1525 test. Hope it helps.




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