Tuesday, December 12, 2006

Big Day


Comments: Today (and tomorrow) will likely be big days for gold. The set up is definitely there for a rally. The sell off in Gold going into the FOMC meeting is, in my opinion, favorable. The HUI is tagging the broken major downtrendline. The RSI is back at the trendline. Seasonality is favorable until the end of the year. The only issue I see is the bearish MACD crossover.

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