Thursday, July 28, 2011

GOLD: Looking Toppy

A series of spinning tops combined with a 'hook' on the ADX and RSI in overbought suggests that Gold could be making an intermediate cycle top in this time frame. A close below 1580 on the cash would confirm a short term high is in place.
There are FAR TOO MANY BULLS IN THE ARENA CURRENTLY.

1 comment:

Chartrambler said...

144 week cycle toohttp://chartramblings.blogspot.com/2011/07/gold-cycle-convergence-next-week.html