gold bulls in a conundrum...

  1. 4,005 Posts.
    gold bulls should be aware that gold could get hysterical if it goes any higher from these levels as it is overbought... i guess what i am trying to say is that hysetria in the market is negative and we do not want gold to trade nasdaq'esque..

    for gold to remain bullish it needs to come back a little test $480 resistance now support build a nice base then attack $550..

    it is natural if it trades naturally... of traders push gold up on unatural terms... it could "pop" and $500 odd could be the top of the market....

    i think it's best if it goes up slowly but surely and shakes out as many holders as possible on its way up..
 
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