Tell me about it!I just got stopped out of my Warrant covering...

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."