Canuck Dave,
This was my story and I'm sticking to it:
To:Little Joe who wrote (21579)
From: Roebear Friday, Nov 8, 2002 11:30 AM
View Replies (1) | Respond to of 21834
Little Joe,
A correction to 65 or even 63 XAU is quite possible. A failure to correct to those levels, especially 63, would be bullish and an indication I am watching for.
For my own book, I will ignore any correction that doesn't go thru XAU 63.40, to be precise.
As I've said before, my focus is intermediate to longer term, and will now try and avoid being shook out on st corrections vs my normal short term trading.
325 POG is significant resistance, while most focus on recent highs, how POG handles 325 is more significant to me.
Not much of a mkt rally or POG crash on that UN news.
Today we did get a downdraft in POG on Iraq news, but not much of a market rally.
Ascending triangle has my vote for the POG, we shall see, but as for me, I have not sold anything yet and will NOT be out of my gold positions in November!
(Those that know my trading will find this highly unusual behavior for me!)
Best Regards,
Roebear |
