Gold, not all that shiny anymore is it?
Posted by MC on Apr 13, 2008
Gold, not all that shiny anymore is it?
We got the blow off top as the first sign of weakness. Now we had sizable volume come in at the resistance of the downtrend and moving average cluster.
Target one would be the structure support line, target two would be the base of the down channel. Pretty tight stop on this guy at probably $963, well worth the risk for the potential downside IMO.
