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samking73
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Gold: Bull Flag In Play - Stewart Thomson - Graceland Update

Gold broke 1200 this morning for a while and looked like it was on the rise. That must have scared the hell out of someone because within a matter of a few minutes it dropped back down $15 us, back below 1200. A couple/few months ago gold and silver were on the rise and it seemed obvious to me that someone dumped a bunch of both in to the market to drive the prices back down. It took a little effort on someone's part but when it finally worked, the bottom dropped out of both to the lowest I've seen in several years. That's just how it looked to me.

Commented 3444 days ago

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Beginning of the headline :Just hours ago, gold staged a nice upside breakout, from a bullish flag pattern.To view this exciting action on a short term chart, please click here now. 2.After rising from an inverse head and shoulders bottom pattern, gold promptly formed a bull flag.The target of this pattern is the $1235 - $1240 price zone.3.Please click here now.That?s also an hourly bars chart, with the uptrend channel highlighted.A rise above $1200 could usher in a lot of momentum-or... Read More

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