Friday, May 6, 2011

Gold

Gold -- Long-Term Chart

Gold Spot (FOREX:XAUUSDO)

Have these markets broken down?  Some notes:

  • Gold & crude were definitely extended.
  • Even in long-term trends, the markets can flip around the 100-day moving average.
  • Some would view the direction of the average; as well as "envelopes" or Bollinger Bands.

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