Wednesday, October 22, 2008

9:55AM PDST GOLD HITS THE 73980 LOW AND BOUNCES, NOW THE RETEST


gold should retest the low and even drop lower
to pick up a few bottom feeder orders, but will
bounce off those orders very quickly.
Volume on the first bounce was okay, but the
follow thru was discouraging. If this was the bottom
gold should have moved off this low and gone vertical.