The Golden Flag

Gold has begun the year thrashing around in its flag chart pattern and off about 1/2 percent YTD.   Along with Apple,  it has been our printing press over the past five years.   Both currently trade like dog dirt.

Yesterday’s low of 1625 is a must hold and will determine the directional move over the next few weeks, in our opinion.

Jan7_Gold1Jan7_Gold2(click here if charts are not observable)

This entry was posted in Gold and tagged . Bookmark the permalink.

2 Responses to The Golden Flag

  1. Pingback: Gold has got to hold, meltdown has begun #gold #forex #ausbiz | Global FX

  2. Pingback: Gold has got to hold, meltdown has begun

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.