i. Price is below daily 30 and weekly 30 moving averages.
ii.Price from Sept 2011 till now is forming a triangle.
iii.Elliot waves appear to be in first wave of wave C (corrective wave)

i assume there will be more downtrend.

i would fold arms and wait till end of this month or next month.

but something tells me that Gold will skyrocket by June or latest by 21st Dec 2012!!

This post has been edited by woopypooky: Apr 10 2012, 10:24 PM

a triple bottom for gold.
i going to bank on monday to buy!!

i believe gold is going up till end of the year liao.