Thursday, December 15, 2011

Gold long-term support

click on chart to enlarge


  1. Thanks again for your great analysis, please do mention about your stop level. Thank you

  2. You are welcome. It is not at trendline yet. When I enter the trade I will update here. This is very contrarian on the short-term, because 200 dma broke, but still within a long-term bull structure. Market may not care about that right now, hence a stingy stop, perhaps no more than 20 points.