Thursday, November 5, 2009

GOLD CONTINUES TRADING IN A RANGE SINCE WEDNESDAY MIDNIGHT AFTER DROPPING FROM THE ALL TIME HIGH


THIS PATTERN COULD BE A LARGE LEDGE FOR GOLD
TO FALL FROM, OR PART OF AN ODD HEAD&SHOULDERS
PATTERN THAT WOULD RESOLVE DOWN.
GOLD IS WORKING ITS WAY INTO A TRIANGLE
BETWEEN THE TOP WHITE DOWNTREND LINE
AND THE LOWER UPTREND PURPLE LINE. WHICH
WAY IT WILL BREAK OUT IS UNCERTAIN.
CERTAINLY THE 'CAPPING' EFFORTS BY THE SHORTS
WILL CONTINUE INDEFINITELY UNTIL THEY ARE
WIPED OUT