	Sign In/Control Panel \| Disclaimer \| Register \| Subscribe

You are here:

Gold at Risk of Sharp Decline

Published: February 09, 2012 by RssFeed

courtesy of DailyFX.com
February 09, 2012 03:39 PM

60 Minute Bars

Prepared by Jamie Saettele, CMT

The decline from the 2/3 high and subsequent recovery may compose waves 1 and 2 of a larger bear leg. A bearish is valid against 1765.90 (daily key reversal last Friday). A drop below 1712.60 would shift focus to the January congestion zone at 1647/85.

Bottom Line – short, stop 1765.90, target open

Search Gold Speculator Articles

Similar Articles You May Enjoy

Article Title	Source	Last Comment Date
Sharp Global Selloff After Fed Announces Stimulus 0 comments	WallStreetJournal - Business TV	September 22, 2011
UBS Tells Staff To Look Sharp 0 comments	WallStreetJournal - Business TV	December 15, 2010
LGMR: Gold "Off the Charts" Signals Sharp Global Inflation Ahead 0 comments	BullionVault	October 07, 2009
LGMR: Gold's Analysis Points to Sharp Break-Out, Bank Analysts Target Up to 39% Gains 0 comments	BullionVault	September 01, 2009
Remove All Sharp Objects 0 comments	Grandich Blog	July 20, 2009

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

[Most Recent Exchange Rate from www.kitco.com]

What do you think? Your comments are welcomed.

We appreciate all of your comments and feedback. You need to be registered in order to post comments. You can register here, or sign in. if you have a comment off topic you can post it in our forums section.