The 800lb gorilla continues to wreck havoc on the trading floor. Early and late morning "displays" (price attacks) reflect him pounding his chest to maximize fear.
Yet despite these impressive displays, signs of fatigue have emerged. The 13ema WA has fallen below 20% (chart 1). This indicates downside concentration. Also, the window of opportunity (TIME) for the B-wave consolidation is beginning to close. ...
Join Scoop.it for Free
Share ideas that matter on the social web and experience
the benefits of curating the world's best content.
I don't have a Facebook, a Twitter or a LinkedIn account
Already have an account: Login
Tracking all things that relate to and affect the price of gold.
Curated by
Hal
|
Scooped by Hal onto Gold and What Moves it. |
Scoop.it!
No comment yet.
Sign up to comment
Delete the scoop?
Are you sure you want to delete this scoop?
Yes
 Your new post is loading...
Scoop.it!
Gold imports in November 2012 stood at $16.387m against those of $3.957m and $30.006m in November 2011 and October, 2012 respectively.
LAHORE(BullionStreet): ... According to Commerce ministry, country's gold imports, however recorded an increase of 314.13 per cent when compared with those of November 2011. Delete the scoop?
Are you sure you want to delete this scoop?
Yes
|
This was pretty much my thought this morning when i fired up ExactPrice [ http://www.learcapital.com/exactprice ] and saw gold's graph for this morning and that fairly regular morning attack.
Click through for the chart that Eric posted and the rest of his thoughts.