Grupp: Huvudforum
Pesavento om guld
This week we have selected Gold as our trade of the week. Note that gold has completed two very symmetrical ab=cd patterns and a classic double top. The wide range day of November 2nd may be the first sign of weakness. Notice the two ratios formed from recent swings that stopped exactly at the .618 and .786 retracements of those respective swings. Should the 418 level be penetrated a major correction would be at hand with a price objective below $400/oz.