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Thursday, August 18, 2011

Gold - Uptrend intact



The break above 1,813.79 proved my count to be wrong and we should now turn fokus towards 1,836 and maybe even closer to 1,900. Actually I have a possible target at 1,905, but I will look very carefully at the price action as we get closer to the 1,900 level.


A break back below and close below 1,813 should be taken as a warning, that the Gold price might be exhausted, but we need a break below 1,720 to call the top.

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