After a long consolidation, Gold looks ready for a breakout of the symmetrical triangle. I expect the breakout will be to the upside with an approximate target of 1075 for GLD. Notice how volume has been declining during this consolidation phase.
Saturday, August 22, 2009
GOLD ready for a breakout
After a long consolidation, Gold looks ready for a breakout of the symmetrical triangle. I expect the breakout will be to the upside with an approximate target of 1075 for GLD. Notice how volume has been declining during this consolidation phase.
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