Gold

This has fallen through the trend line. I dare say that moderate USD Strength might be a factor.


I've added an "alternate" Trendline T2 (which isn't as neat as the main one, T1, but its worth looking at if it holds!). If gold closes above ~ 1635, then I'm prepared to stick my neck out further and call it support

If it breaks 1625 then it could be headed for 1590 or even 1525 I suppose.

dl.dropbox.com/u/43650856/Gold%20-%2014th%20Feb.htm

I've gone long on this at 1626 with a very tight stop just under 1625. See if it holds.

watch 1617, a break of that to the downside will open up targets of 1556 > 1525.

its trying to bounce as i type...1633/40 should cap it imo but i fear for it

why 1617 ? that's approx H&S target 20dec-11feb - daily chart (neckline break)

Amo wrote: I've gone long on this at 1626 with a very tight stop just under 1625. See if it holds.

It guess it didn't hold