"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, February 10, 2012

Au bullish or bearish?

Gold too is dealing with an over bought situation, although it is already in its corrective process.  Here is a view of critical support at 1675 to 1700 where we find the confluence of the blue dotted breakout line, the upturned EMA 50 and significant visual lateral support.















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