P.S. When in doubt, women love jewelry! ;-)
Saturday, December 10, 2011
A Golden Christmas?
If Gold, firstly, holds above the 50 sma (red), then breaks and holds above 1733 (triangle apex and Monthly VWAP confluence) and, subsequently, 1745 (trendline resistance), it may be on its way to 1900 (Fibonacci confluence) by Christmas, as shown on the Daily chart below...otherwise, it may re-visit the 200 sma (pink) at 1614.50...will see if Santa is feeling generous...
P.S. When in doubt, women love jewelry! ;-)
P.S. When in doubt, women love jewelry! ;-)