Gold Weekly Nov. 6, 2009
The weekly chart of the continuous GC (Gold) future shows that price continued to rise after bouncing from the gray trend line last week, to end the week once more on new all time highs.
This recent rise is not very orderly and puzzles me - which is why I won't touch Gold until I can make some sense from the charts again.
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The daily chart of the Gold cash market shows that price bounced for the second time in a row from the red trend line.
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Note: this analysis is valid for trading on Nov. 9, 2009. A more recent one might be available here
