Golds Sweet Spot

Posted by StockBuz on November 15, 2010 at 8:14pm

155d [also the 30wk] are what GT has shown us golds "sweet spot" buy area. It could bounce before that [note other fib levels] however if it chops around as it normally does, it could ultimately reach the support area shown. I *did* find buyers @ $130.00 previously. It'll be interesting to see if that holds this time or fails and heads lower.

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Admin

StockBuz November 18, 2010 at 11:09pm

Awesome Val. Thank you! :)
Val November 17, 2010 at 7:30pm

http://www.creditwritedowns.com/2010/11/gold-is-correcting-when-do-...

This has some nice charts of previous corrections and possible buy points as well.

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