"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, August 31, 2012

Gold

The breakout above the EMA 200 resistance (red dotted line) was clear.  What was evidently not so clear - to me anyway - was the retrace point.  I felt a no brainer would have been a pullback to the EMA 200.  Not to be... maybe the SMA 200 (solid red) is all we get.
















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