Tell me about it!
I just got stopped out of my Warrant covering Dec Gold.
GRRRRR! ZGCKRE is tha warrant issued by RBS and highly leveraged with an automatic stop.
However the chart shows that a break of $1,800 may precipated a much greater fall.
I quote Collin Twiggs from Incredible Charts:
"The situation can change rapidly, however, and some contrarians believe that gold is over-bought. Reversal below support at $1800 would break the ascending pattern and rising (secondary) trendline. All bets are then off and reversal below $1750 would complete a double top, threatening correction to $1500."
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