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want to place further emphasis on the word "potential" that we said in the article. each person sees different things and that is why technical analysis is in the eye of the beholder. We also see the possible double top as many of you point out. We're merely trying to highlight all the other potential options here.
Aug 03 13:26 pm
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All Comments by Market Folly »Important Support Levels for Gold in View [View article]
Markets often act irrational so its prudent to at least be aware of other scenarios that could play out. The main thing to take away from all this is simply the fact that until gold gets above $1000, it could trade sideways or lower.