Monday, 8 July 2013

Gold peeks above resistance! 2013-07-08 0400 BST

Maybe it's not someting to get that excited about but gold in Asian trading has peeked above the recentl fairly unbreakable resistance line that I have noted previously (see last 2 posts):

It would be fasciating to see if it can fulfil the inverse head and shoulders now and go to Rick Ackerman's line at $1301.80 that he mentioned on on Monday and pass some previous peaks - and then perhaps go on to the measured move of 1339 approximately, as shown below:

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