Friday, April 09, 2010

Gold - Update



A few days ago I posted about the bullish formation that was taking place in the gold market. As you can see in the above chart, GLD (gold) has broken above the neckline of the inverse head and shoulders pattern. The most likely upside target for this market would be a retest of the high from last December which comes in around the 119 area.

Posted by Kevin

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites