Thursday, July 8, 2010

Gold: Where to NOW?

Gold is at a critical juncture. How the current decline plays out will reveal much about the future primary trend in Gold.

Short Term 1154-1166 is critical
Long Term 1040-1050 is EXTREMELY IMPORTANT.

Here are two Gold Charts.
Short Term Support levels are:
38.2%: 1180.88
50.0%: 1154.90
61.8%: 1128.92
4th wave of lesser degree: 1166.50 (March 2010)

Mayan Harmonics:
1112
1142 ****
1160 ****
1172
1187
1022
1232



Longer Term Support Levels:
38.2%: 1041.91
50.0%: 973.00
61.8%: 904.09
4th Wave of lesser degree: 1044.80

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