Last week GOLD followed the alternative scenario posted and this week it will see a pullback lower.
It will be likely down on Monday 18th May, then possibly in range for 2-3 days and going lower again by 21st May.
May 21st should be buying time again in GOLD
Just as projected on the chart, GOLD price is down about $10 form high on 18th May'09. I now expect GOLD to move up from today's or early 19th May's lows to 22nd or 23rd May. It will be a good selling point on 22nd or 23rd highs..
ReplyDeleteAbhay
I am glad to see your posts in 1 site. I will be following your work with great interest.
ReplyDeleteI have studied most of the technical stuff. Now it is time for me to look into the time factor.
Jack