gold's technicals

  1. 9,081 Posts.
    This latest from J.S. :

    "Gold:

    Trading over the last three days has constructed a bullish Reverse Head & Shoulders Bottom formation that was completed today. The Down Trend Line from the recent high breaks out to the upside at $378.00. The Reverse Head and Shoulders neck line broke to the upside at $376.90, indicating a short term objective of $381.50. That implies the downtrend from the recent high will be broken to the upside and that the setup then for the next short term move will be an objective of $408."
 
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