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TFC Commodity Trading Forum

Re: longterm Au *PIC*
In Response To: Re: longterm Au *NM* *PIC* ()

broke out of the pennant to the down side...next step down, if it decides to continue in that direction, bottom of the horizontal range. The blue line is, obviously, the lows for the bottom of the range but I suspect 1200 was the target that got over shot, so expect some machinations at that price again. I suspect it will continue on down past that price but who knows. If it holds true to the previous range the steps down out of this range with bottom defined at 1200 it could be quick and hard and a nice money maker.