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Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?


To: Jack of All Trades who wrote (817)6/25/2003 10:39:50 PM
From: skinowski  Read Replies (1) | Respond to of 941
 
XAU made a nice impulse down - best seen on a compressed 15 min chart - and then recovered a little. Looks like it needs to move some more up in order to retrace a larger portion of the decline - before making another (likely) move down.

Looks like the index broke below the line which supported the uptrend since April 29.