weekend charting 24-26 september, page-34

Somebody on one of the threads was complaining that they never see a chart of gold in AUD, so here one is




someone else was crowing about how gold had not retraced to US$850, so I thought I would do a little detailed analysis of a speculative short opportunity, based purely on the current technical setup. In my experience, when the crowing starts, it's time to take the other side of the trade.

This is not trading advice. It is technical analysis of one possibility. I have placed no information on stop loss positions on the chart. The implementation of stop losses is dependent on each traders risk profile and executed entry position