Loading ...
Aug 26, 2014
- A week ago, I suggested gold would likely decline from the $1300 area to about $1275 and stop there, adding bullish symmetry to an inverse head and shoulders bottom pattern.
- Please click here now. That’s the hourly bars chart for gold. It’s clear that gold declined to my targeted $1275 area “on cue”, and then surged higher early this morning.
- To view the bullish symmetry this price action created on the daily chart head and shoulders pattern, please click here now. This bullish chart looks like Michelangelo sculpted it, from a block of golden marble!
- Note the bullish action of the price stoker (14,7,7 Stochastics series). My first target is $1325.
more in the article here;
http://www.321gold.com/editorials/thomson_s/thomson_s_082614.html