Hi Ken, ok, I checked out gold and here is what i see. It is basing real nice around the three level, and the short term moving averages look real good. The items that concern me are the short and long term stochastics. The 3 bar looks indecisive and the 50 looks like it is weakening. Of course, a nice .25 daily trader is nothing to sneeze at either!!
207.61.23.98
Of course, if things heat up more in the Middle East, then the chart could turn around. If the stock does start to move up, it looks like it may bounce its head at present resistance of 3.25. With good volume,or a crisis, it could bust up to 3.41, which is the 50 day moving average.
207.61.23.98
Also, 3.625 seems to be a hard spot for it as well. Of course, if the "east" gets real interesting, then of course the chart will probably mean nothing and maybe another spike will result LOL...george.
p.s., thanks Ken for the advice for mom's question :) |
