Friday, March 19, 2010

Decision Point for GOLD - Mar 19 Update

Below is the updated chart that I posted last Friday

  • Big decline today on high volume
  • Fib Fan line support line was penetrated
  • Possible head and shoulders pattern forming
  • Mar 16 gap was filled
On the intra-day chart, the picture looks short term bearish. However, as can be seen from my previous post, Gold is still holding onto the falling wedge breakout. The jury is still out ...


  1. Here's a post discussing the major battle going on in gold. BIG dollars at war:

  2. Very interesting perspective and useful information regarding the options. It all rhymes. It sure would be useful to be able to analyze options data as easy as stocks ...