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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Mevis who wrote (70140)	4/5/2015 8:47:27 PM
From: GROUND ZERO™	Respond to of 219811

I agree... the long term descending bullish wedge gives a measured move to about 1600... if I can only hold on until then, I'll make some folding money to pay for my next cruise... LOL!!! GZ

To: Mevis who wrote (70140)	4/6/2015 4:41:50 AM
From: GROUND ZERO™	3 Recommendations Recommended By Justinfo mary-ally-smith Mevis Respond to of 219811

Here's a weekly gold chart as of this morning... this looks like a serious long term descending bullish wedge pattern... and using the 65% rule, I think this market is nearly done basing here unless it tries for the lows once again, but even if it does try for those lows again, the overall pattern is clearly bullish and the breakout is more than likely going to be higher from here... the monthly chart below the weekly chart makes this bullish wedge pattern look even more obvious... GZ