GOLD gold futures
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break of 50dma and downtrend, page-8

  1. woteva
    2,213 Posts.
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    06/06/12
    21:56
    Post #: 10275989
    Hey RB. Mate half hour to go to NY open. 10min overbought,1 hr ovebought, daily becoming overbought very rapidly.

    Like I said, there are definitely bullish indicators but I prefer to see a successful back test of the 50dma before I commit anything.
    These people fail to understand that I retain a physical position so I am more than happy for gold to go up as much as down.

    Cheers
    Value at posting: $0.00
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