Re: [Technical-Investor] Fwd: NEoWave FORECASTING (GOLD - Daily Plot)

 

historically gold tops in february   sb. --- On Tue, 1/12/09, BALAJI Jayaraman <bctbalaji@gmail.com> wrote: From: BALAJI Jayaraman <bctbalaji@gmail.com> Subject: Re: [Technical-Investor] Fwd: NEoWave FORECASTING (GOLD - Daily Plot) To: Technical-Investor@yahoogroups.com Date: Tuesday, 1 December, 2009, 17:03   Weekly Gold chart attached. Bullish Rounding bottom breakout & Inv H&S breakout at 950-1000$ gave a target of 1250$-1300$ Indicators still showing strength. Havent reversed yet. See marked zone. Best case scenario: Bulls can play for another 50-100$ upside on Gold. Worst case scenario: Reversal from current zone on weekly basis. Bears can hope for same 300pts downside. The last breakout of this magnitude was 300pts from $700 to $1000. Looks like similar 300pts breakout this time around also. Good Luck & ATB, Rgds/Balaji

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