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Strategies & Market Trends : Classic TA Workplace

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To: Patrick Slevin who wrote (137527)	10/17/2006 9:11:48 AM
From: Galirayo	Read Replies (1) of 209892

[XAU] Hey Pat .. It doesn't look optimistic to me either. On 6/09 it broke the 45 1x1 and bounced .. off the 50% fib near 125 .. made a Flag pole and Flag and on 09/08 broke the flag and the 45* 1x1 again. It's trying to bounce again off the 50% fib. It's approaching a fan line off the top which more than likely will be R. Looks like it's headed to 114 to me .. ttrader.com 110 look like good support. So far the 125 horizontal is holding .. should be a neckline near there. R on the 13ema as well. stockcharts.com

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