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Wednesday, August 22, 2012

Gold Trend

 AUG 23

Elliott: support in a zigzag correction 1644.86
Currently uptrend should end around 1669.94 - 1661.93 area. A correction down to below 1640.75 is expected. A rise above 1669.52 will abort the expected correction.
Warning: End of trend - Imminent end of bullish move
Technical points
Key point    1,664.2200
Entry point    1,650.5200
Elliott    1,590.1200
Closing    1,654.3400
Projection    1,671.7100
Trendline    1,634.0300
Trendline    1,650.8100
Supports / Resistances
Res 2    1,669.5200
Ex-High    1,655.9300
Res 1    1,661.9300
Pivot    1,648.3400
Sup 1    1,640.7500
Ex-Low    1,634.7500
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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