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


To: Crimson Ghost who wrote (56017)7/10/2000 4:24:37 PM
From: TATRADER  Respond to of 116979
 
technically(but gold doesn't obey usually), we should have a bounce tomorrow up, so I can make a few bucks on the trade..
Reasons:
1.XAU did a 180 day, closed yesterday in lower 25% of daily range, today closed in top 25% of range
2.1,2,3,4, XAU did a lower low, higher low and lower high,and another lower low at base of pattern..Today failed to make another lower low, this tells me it has drained last ounce out of downside turnip...
3.XAU closed strongly to upside showing it has had enough in the depths of despair
4.Ultimate Oscillator continues to show bullish divergence with price from prior times we were at these depths...

Holding AEM,HM,and PDG...May they zoom in northern direction tomorrow...