Gold XAU. #28 – coming potential
January 6th, 2010
21 comments
Gold is similar to silver and we expect a move
down after this retracement has finished. After that move plays out I expect a move higher again. If they wish, gold bugs are able to play without holding the physical.(Oanda and some of the MT4 brokers have gold under the symbol XAU)
We will look for a reversal near the blue Kijun Sen (yellow spot in the chart below).
