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Strategies & Market Trends : Classic TA Workplace
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To: nspolar who wrote (83075)9/29/2003 10:51:31 AM
From: bcrafty  Read Replies (1) of 209892
 
ns, "gold is set up for a huge move"

In which direction? On Friday XAU clearly broke its LT from the move up from July. That's not bullish at all.

And when do you see this huge move happening? I don't see anything compelling technically to paint a bullish picture for right now. Other than it having gotten oversold on the daily stochs pretty fast, I'd think it might need to finish this move down, and I have no reason to think it might be soon.

Here's someone else's view; he sees a retracement to 82-85.
investorshub.com
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