Thursday, February 23, 2012

Gold starting another bull run?




Hello,

Had been a long time since I last updated my gold trading. Had been waiting for the gold correction to complete which I believed had been completed since the 1521 double bottom. The wave up after the bottom seem to be impulse wave. At the current situation, I believe gold is in another leg up. The gold maybe in a possibility of a wave 4 as shown in the hourly chart. IMHO, gold had the possibility to reach 1800 this week. Whatever this may seem, trade with tight stoploss using strict money management. Btw, I had just re-uploaded the files at the download page. Happy trading.


By The Backyard Burner

Fear of failure

Fear of failure