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To: seminole who wrote (85486)1/27/2001 3:53:28 PM
From: que seria  Respond to of 95453
 
OT r. dean: A washtub bottom?

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I suppose chart readers would say the XAU chart has been in a falling trading channel and is now on the edge of proving or negating an inverse head and shoulders pattern. XAU fell out of the falling trading channel briefly in Oct/Nov, and recently just popped above it without any support. My guess is we see XAU 42 again, since we need more despair in the gold market before this sentiment-driven relic can really go up.



To: seminole who wrote (85486)1/27/2001 3:57:03 PM
From: Tommaso  Respond to of 95453
 
RE a "V" or a "W" bottom for gold. Below is my chart/diagram for the gold bottom:

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