gift, page-26

Don't go counting all your chickens just yet.

Gold over the last 3 months has formed a descending triangle from the high in april of 1580

Support at 1340 was tested 3 times before the break down to further support level of 1200.

Support at 1200 has been seen as relatively strong as gold has bounced back already to 1250- 1260.

That shows we have support now at 1200 and resistance above at around 1340ish.

One, if not both of these levels could be tested soon enough!!
There have been calls numerous times since October ($3.95 high) that the bottom is in.

Sure gold and SLR have had a spike / bounce, until 1340 (previous support) is broken, don't count your chickens!!!


Cheers