Notice how close gold is now to the top black downtrend
line. Also notice how shallow the pull backs have been since
the 10150 top and how the succeeding lows have been
higher lows thus creating the blue uptrend channel
Friday, August 14, 2009
LONG TERM CHART SHOWING THE BLACK DOWNTREND CHANNEL FROM THE GOLD HIGH PRICE ON 3/18/08 AND THE BLUE UPTREND CHANNEL WITHIN IT
Notice how close gold is now to the top black downtrend
line. Also notice how shallow the pull backs have been since
the 10150 top and how the succeeding lows have been
higher lows thus creating the blue uptrend channel