Tuesday, August 23, 2011

Gold on 23-Aug-2011 (Tue)

Mad Bull

Divergence in 30 Min Chart:
Short term correction, looking at healthy pull back Intraday 50% Fibo Level.

Aim to pick long after 3 hours...

The picture explains all...

Daily Chart:
Mad bull and next target above 1900, 1925, 1958.

Fundamental Threat:
Fundamental issue shall kick in, if US Fed Mr. Ben introduce another stimulus... then it might slow down the bull a little bit.

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