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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (53618)	6/3/2000 9:55:00 AM
From: TATRADER	Respond to of 116781

agreed Roebear.. Brief TA The descending wedge pattern we have been discussing became very tight on Thursday, with a narrow range day, of .58 taking place..A cork awaiting to be popped..Our previous spike had a reading of 8.26 points, adding that to consolidation in 56 area, we now are looking at first target of 64.50-65.00 on XAU, with secondary target of 70.00...We are approaching an MACD zero line crossover, friday's reading was -0.017...Right now I still have XAU in trading band of 30 period Bollinger of 57.88 by 61.80...We are holding above the 50 day at 57.66 and 21 day at 58.41....I am looking for a slight pullback to test the lower end of the Bollinger, and then a rocket to the first target area...My fast stochastic 8 period is calling for it...Hopefully this slight pullback will allow me to reload... Look for the NASDAQ to retrace to the 3500-3550 area in the next 2 weeks... Best trading gold stocks at this point are: HM AU PDG AGE NEM Lower class AEM MDG BMG Golden dogs DROOY KGC I leave out American Barrick because of their continued attitude about hedging.....