Gold and Silver Markets Blog
Monday, 22 April 2013
Simpler chart of trading range in gold may point to $1277.30 target: Posted 21 April 2013.
Here is another chart that is fairly simple. It looks at the trading range on gold from the Stockcharts.com weekly gold chart at:
Conservatively, the trading range in gold was from $1535 to $1792.70, a range of $257.70. On a breakdown from this horizontal trading channel, the target is simple: $1535.00-$257.70 = $1277.30.