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Wednesday, August 29, 2012

Gold Trend AUG 30 3.00 A.M. GMT

 AUG 30
3.00 A.M. GMT
Correction zigzag 1651.46
Market should not go lower than 1654.47 - 1649.29. After this move down it should go up to 1663.25 - 1666.84 area.

Technical points

Key point    1,651.6500Entry point    1,661.5700Elliott    1,677.0700Closing    1,656.4600Projection    1,651.4600Trendline    1,668.3400Trendline    1,666.5300

Supports / Resistances

Res 2    1,677.2200Ex-High    1,670.0400Res 1    1,666.8400Pivot    1,659.6600Sup 1    1,649.2900Ex-Low    1,652.4900Sup 2    1,642.1100
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.   
No one knows tomorrow's price or circumstance.  
I intend to portray my thoughts and ideas on the subject which may s be used as  a tool for the reader.  
 I do not accept responsibility for being incorrect in my speculations on market trend. 
King Regards

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