Thursday, December 15, 2011

15 Dec 2011

I think I recorded it here, but my target for gold was 1420 - the resistance area for the end of 2010, which pretty much necessitates a break in this trendline.  There are reasons to believe there will be a bounce before that happens.  See TSV (middle) hitting 2nd standard deviation.  Stochastics (not on this chart) are also oversold, and we sit upon massive support.

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