Gold unfolds

This is truly a lovely looking chart to a technical trader like myself.  Notable features are the supportive 50 week moving average since 2005, breakouts at about $460, $730 – slightly rebuffed at the $850 area (old 1980 high resistance) then on to test $1,000 for the first time in 2008 and rolling over after [...]

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Oil correction or pause?

It was expected that Crude oil would sell of sometime soon as it failed to make new highs last week.  A low risk trade was evident on the charts this weekend which I took advantage of, and this could flow through to further downside this week.  Looking back though – big down days such as [...]

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