2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.27

-0.2%

Nov 21 4:00 PM EST

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To: TobagoJack who wrote (76504)	7/18/2011 6:54:33 AM
From: 2MAR$	Read Replies (1) of 217986

Just minutes ago Au just passed up over $1600 & Ag breaks up past $40 .... Italian & Spanish " walls of worry" ...Euro zone bank stress tests fail to calm worries uk.reuters.com S&P 500 Top Closer to H&S Confirmation, Pointing to US Dollar Gains finance.yahoo.com GOLD – Prices pushed higher through resistance at the midline of a rising channel that has defined the move higher since mid-May 2010 having bounced from the formation’s lower boundary. Near-term resistance lines up at $1604.20, the 123.6% Fibonacci extension level. Immediate support stands at $1577.05, the May 2011 swing high. Broadly speaking, last week’s breakout points toward acceleration in the uptrend. Indeed, the past two bounces from the channel bottom resulted in rallies of nearly identical magnitude ($274.22 and $269.32), loosely suggesting that if this pattern holds, the next longer-term upside target for the metal is around $1750. Currently, the channel top is at $1650.

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