Wednesday, February 8, 2012

Bullish


Expected 1710 would be good support and it is. Daily charts are positive again. We will take 1800 this time. 


Weekly stochastics overbought. But look at weekly MACD. It's crossed and pointing up. One tiny little column is above 0 percent. Bull trend is just starting. 


Now monthly chart. Monthly stochastics is pointing up. My prediction is 2100-2300 gold 3-4 months later.