Rabu, 04 November 2009

Long Term Weekly Gold Chart Targets 1275


Now that gold seems to hit successfully broken out from its postscript pattern (ascending polygon or oppositeness H&S) we should be able to chart its targets more exactly than the chart from 24 Sept that at small successfully projected the breakout.

If there is a major execution event, such as an equity mart dislocation, gold module likely be hit as well, but module wage an exceptionaly purchase opportunity and would historically recuperate more sharply than equities and most other investments.

As always, this is a forecast with whatever probablities of success, kinda than a prediction. It module therefore be person to change, and module meet with a difference of success, or not.

Basically, the rising polygon calls out 1275 and an oppositeness H&S targets 1300ish. A addicted perturbation below 1000 deactivates the formations. We module undergo more most the first pullback when we wager how farther this current leg goes. It has touched such more apace so farther than most hit imagined, but the brief constituent trend is quite apparent on the chart.





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