The Golden Flag

Gold has begun the year thrashing around in its flag chart pattern and off about 1/2 percent YTD.   Along with Apple,  it has been our printing press over the past five years.   Both currently trade like dog dirt.

Yesterday’s low of 1625 is a must hold and will determine the directional move over the next few weeks, in our opinion.

Jan7_Gold1Jan7_Gold2(click here if charts are not observable)

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One Response to The Golden Flag

  1. Pingback: Gold has got to hold, meltdown has begun #gold #forex #ausbiz | Global FX

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