GOLD 0.51% $1,391.7 gold futures

to buy or not to buy, page-18

  1. 11,522 Posts.

    Its dipped below 50dma, 933 a couple times, reckon its headed for ~800. 200dma currently 784, 50wma is 770, which has been great support since 2002, and by the time Gold drifts there, they should be up around 800, which corresponds to the support line at 800 from Nov 07.

    This would all be pretty much similar to the May 06 spike, but scaled up in price by ~40%.




 
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