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


To: John Paquet who wrote (59099)9/29/2000 1:32:12 PM
From: John Paquet  Read Replies (2) | Respond to of 116762
 
XAU indeed has a small ascending triangle breakout on the upside, right Now @49.58 indicated XAU is heading upward and forward, look forward breakout that 49.75 thsn it would certainly closed above that 50, very important support level for XAU.

If this 50 holds up nicely next week look forward 55 or even 60 or 65.

And I am not kidding at all.

Dane's "no" has played out in the market Euro recoverd strongly, next scenario US dollar got tanked big time.

Oil heading ssouth, demand for US dollar also reduced, so US dollars has to go down and gold has to go up and XAU must go up, too.

John Paquet