15/04/2013

GOLD weekly diagram from Dec 2001 until now April 2013

GOLD week 17:20. Here you can see the five waves from the low at 276 in 2001 to the top at 1.920 in Sept 2011. Now traded at 1.370. The long term target could technically be at the fourth waves bottom below 800 which is a strong S level since it was the 1980 top. Now you can understand what I mean when I say that this can be very ugly in a few years.

No comments:

Post a Comment