Saturday, 9 June 2012

Gold Weekly Chart 2010 - 2012

This is weekly chart showing gold since 2010. I've drawn some rough trend lines in - personally I don't think it's an exact science. I'm not hugely into the whole technical analysis thing if I'm honest
What I most note is two things
1) it's got a "floor" of about 1550
2) it's doing that "coiling" movement which can occur before a big breakout - up or down. I hope it's up!

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