Gold - sHs Bottom Pattern Forming

http://www.clivemaund.com/article.php?art_id=68



On gold's chart we can see that the dramatic rise yesterday on the Fed's surprise announcement means that it is at last about to haul itself up out of the long and tedious Head-and-Shoulders bottom pattern that has been forming for many months. Breakout from this pattern will be signaled by its breaking out above the black "neckline" shown and then above the resistance level a little above that near to the late August highs centered on $1425. Once it breaks out from the base pattern it will be free to advance, but still has to contend with the strong resistance level in the $1550 area at the lower boundary of the large intermediate top area that it broke down from back in April. Volume was good on yesterday's rally which is another positive sign.

所有跟帖： 

• 期待下周涨，我可是拿着call的 -cat18- ♀ (0 bytes) () 09/20/2013 postreply 14:55:09

• Good luck! -iTrade668- ♀ (9 bytes) () 09/20/2013 postreply 14:56:34

• DDD！ -hepingge- ♀ (0 bytes) () 09/20/2013 postreply 14:56:25