Sunday, March 8, 2009

Gold technical analysis March 2009

Latest gold charts and movements are here:



Marketclub's weekly, monthly and quarterly signals still signal a buy. The Daily chart which had signalled a sell now moved to a buy territory.







According to Fibonacci retracement we are in the first retracement level. Will we cross it or go down? Elliott wave chartists say this is the wave B?

2 comments:

Anar said...

Hi there, I like your post on GLD. Could you post the Monthly Chart with Triangles on it?

Reason I ask is that if you look at T/A of Gold at this link: http://tinyurl.com/dd3vew

It seems that Gold is going to 750 before 1,000

THANKS! Great work

Tapan said...

Hi Anar,
Thanks for dropping by.
I will write up a blog on gold soon.
Elliott wave chartists suggests gold will go down as well.
Which analysis did you have which suggests that GLD is going down?
Thanks