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


To: EasyWay who wrote (75896)9/5/2001 11:43:23 PM
From: gold$10k  Read Replies (3) | Respond to of 116832
 
Easy, here's how I see it.

XAU bounced off of its 50 dma...

stockcharts.com

and so did HUI...

stockcharts.com

and gold is in a trading range between 271 (its 50 dma) and 275.

stockcharts.com

The 50 dma could hold or we could break down to the 200 dma, which isn't all that far (except for HUI).

I wouldn't expect anything major to happen before next Wednesday's BOE auction. Besides, your own discouragement (and mine) is a good contrarian indicator that we may approaching a turning point (like maybe next Wednesday), BWDIK.

vt